Saturday, July 26, 2008

Subsea 7 wins EPIC US$70 million contract

Subsea 7, UK, has been awarded an engineering, procurement, installation and commissioning (EPIC) contract valued at US$70 million by Centrica Resources Limited for the Grove Extension and Seven Seas Development Projects in the Southern North Sea.

The EPIC contract is a tieback of new gas production wells to the existing Grove and West Sole Alpha Platforms via 15.2cm and 20.3cm carbon steel production pipelines and integrated service and control umbilicals. Engineering will commence immediately and will be performed at Subsea 7’s Aberdeen offices. Fabrication of the pipelines will be carried out at Subsea 7’s new North Sea pipeline fabrication and spoolbase facility at Vigra, on the west coast of Norway. Offshore operations are due to take place during the second and third quarters of 2009 and will utilise a number of Subsea 7’s vessels, including the recently acquired ‘Seven Navica’.
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