Subsea 7 Awarded Huge Contract Offshore Norway
22nd December 2017
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) has announced the award of a substantial contract by Statoil for the Snorre Expansion Project, located in the Tampen area, 150 km west of Florø in Norway.
The EPCI (engineering, procurement, construction and installation) contract includes Subsea 7's cost-effective Pipeline Bundle technology, which contains all flowlines and control umbilicals necessary for operation. The project features three Pipeline Bundles: West, East and North.
Production of the Pipeline Bundle system will take place at Subsea 7's fabrication facilities at Wick, Scotland. Project management and engineering will commence immediately at Subsea 7's offices in Stavanger, Norway and Aberdeen, Scotland. Offshore operations will take place in 2019 and 2020.
Phil Simons, Subsea 7's Vice President North Sea and Canada, said, Phil Simons, Subsea 7's Vice President North Sea and Canada, said, "Subsea 7 looks forward to working closely with Statoil to safely and successfully deliver our workscope on the Snorre project. This award demonstrates the versatility and economic benefit Subsea 7 can offer through its unique Pipeline Bundle technology, where all service lines are integrated in a single product and installed using our Controlled Depth Tow Method. It also recognises our proven track record, with more than 80 Bundles installed in the North Sea."
Full financial details of the contract have not been released but it is understood to be between Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million. This will provide work the Wester fabrication Yard near Wick for quite some time.
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Please be advised that Subsea 7 are about to commence the launch of a pipeline bundle into Sinclair's Bay. This operation will take between 24 - 36 hours and we require to open the Wester Bridge on the A99 to allow towheads to pass under and out to sea.
Subsea 7 will be moving the final two towheads from Wick Harbour to Wester Site tomorrow, 7th of August; leaving Wick Harbour around 09:00 (dates and times are subject to having suitable weather and Police availability). This move should be similar to previous towhead moves, leaving Wick Harbour and proceeding directly to Wester Site.
Subsea 7 issued further details of the cost reduction programme, following initial guidance provided on 30 April 2020. It is envisaged that the overall reduction in headcount would be approximately 3,000 from the global workforce of 12,000, by the end of the second quarter 2021.
Subsea7 are about to commence the launch of a pipeline bundle into Sinclair's Bay. This operation will take between 24 - 36 hours and will require Subsea 7 to open the Wester Bridge to allow towheads to pass under and out to sea.
Subsea 7 will be moving 2 towheads for the Buzzard Project from Wick Harbour to Wester Site in the coming days. The first towhead move is much the same as a normal towhead move and it is planned to leave Wick Harbour on Friday 13th March at around 09:30 and proceed directly to Wester Site - see sketch below.
Subsea 7 will be moving 2 towheads for the Buzzard Project from Wick Harbour to Wester Site in the coming days. The first towhead move is much the same as a normal towhead move and it is planned to leave Wick Harbour on Friday 13th March at around 09:30 and proceed directly to Wester Site - see sketch below.
Subsea 7 will be moving 2 towheads for the Buzzard Project from Wick Harbour to Wester Site in the coming days. The first towhead move is much the same as a normal towhead move and it is planned to leave Wick Harbour on Friday 13th March at around 09:30 and proceed directly to Wester Site - see sketch below.
Please be advised that we are about to commence the launch of a pipeline bundle into Sinclair's Bay. This operation will take between 24 - 36 hours and will require Subsea 7 to open the Wester Bridge to allow towheads to pass under and out to sea.
To whom it may concern: Subsea 7 will be moving three towheads for the Equinor Snorre Project from Wick Harbour to Wester Site from Monday 2nd December. It is planned that the towheads will travel along the route through town (as in the photograph below) over three days (one per day) and we hope to complete the operation by Wednesday the 4th of December.
