Subsea 7 S.A. awarded $160 million contract offshore Norway

2/25/2013

Subsea 7 S.A. awarded $160 million contract offshore Norway

OSLO -- Subsea 7 announced the award of a pipelay and subsea installation contract valued at approximately $160 million from Statoil at the Oseberg Delta 2 field, located approximately 130 km west of Bergen in the North Sea.

The contract includes the design, fabrication and installation of two insulated rigid production pipelines totaling 10 km; the engineering, procurement, construction and installation of two flexible gas injection lines totaling 9 km; the installation of two umbilicals totaling 16 km; and manifolds installation and tie-in work.

The pipeline production will take place at Subsea 7’s spoolbase at Vigra, Norway. Project management and engineering will commence immediately at Subsea 7’s Oslo office with offshore operations commencing in early 2014.

Bjarne L Tofte, Managing Director, Oslo, Norway said, "Being the first project tendered out of Subsea 7’s new Oslo office, we are very pleased to be awarded this contract by Statoil, which we see as an endorsement of both our organization’s and our new office’s capability to deliver complex fast-track subsea projects to the highest standards. Subsea 7 looks forward to successfully delivering the Oseberg Delta 2 project in a safe and timely manner."

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