Press

Subsea 7 Awarded Contracts Offshore Norway


Luxembourg - 15 December 2017 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)today announced the award of two contracts from alliance partner Aker BP in theNorwegian North Sea. The contracts are for the Skogul project and the ValhallFlank West project, which collectively are equivalent to a sizeable(1) award.The Skogul project (previously called Storklakken) is located 220 km northwestof Stavanger. This EPCI project is a long-distance tie-back to Alvheim FPSO viaVilje South field, using pipe-in-pipe technology. Project management andengineering will commence immediately with offshore operations scheduled in2019.The Valhall Flank West EPCI project comprises a 4 km tie-back to the ValhallCentre including an umbilical and riser system. Offshore operations willcommence in 2018 with completion in 2019.Phil Simons, Vice President North Sea & Canada, said: "Our partnership with AkerBP enables Subsea 7 to engage earlier in field development, optimising designsolutions and contributing to final investment decisions on marginal fields.These two contract awards demonstrate our successful way of working within thealliance partnership, providing cost effective and innovative technicalsolutions, along with an efficient, safe and quality focused project delivery."(1) Subsea 7 defines a sizeable contract as being between USD 50 million and USD150 million. 


Visit source site

subsea7.com/en/investor-relations/financial-result...

OffshoreNorwayContractSubsea 7Norwegian North SeaNorth SeaSkogul Project

More items from oilvoice


S&P Global Platts Survey of Analysts Suggests U.S. EIA Data to Show 189-Bcf Draw to Natural Gas Stocks

WASHINGTON (January 17, 2018) – The U.S. Energy Information Administration (EIA) on Thursday is expected to report a 189-billion cubic feet (Bcf) withdrawal for the week that ended January 12, according to a survey of analysts by S&P Global Platts, the leading independent provider of information an ...

OilVoice Press - OilVoice


Posted 1 hour agoOpinion > S&P Global PlattsUSUnited States +4

S&P Global Platts Preview of U.S. EIA Data: Likely to Show Crude Stocks Fell 425,000 Barrels

NEW YORK (January 16, 2018) – Tightening US crude stocks recently turned NYMEX crude's nearby term structure to backwardation, which could attract even more speculative length into the market and help sustain higher prices, according to a Tuesday S&P Global Platts preview of this week's pending U.S ...

OilVoice Press - OilVoice


Posted 1 hour agoOpinion > S&P Global PlattsUSUnited States +4

Faroe Petroleum: Eight Exploration Licences Awarded in Norway

Faroe Petroleum, the independent oil and gas company focussing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce that it has been awarded eight new prospective exploration licences, including four operatorships, in the Norwegian North Se ...

OilVoice Press - OilVoice


Posted 9 hours agoPress > Faroe PetroleumNorwayLicences Awarded +4

Lundin Petroleum: Update on Fourth Quarter 2017 Financial Results

Lundin Petroleum AB (Lundin Petroleum) will expense pre-tax exploration costs of approximately MUSD 31 and recognise a net foreign exchange loss of approximately MUSD 69 as well as an after tax loss on sale of assets of MUSD 15 for the fourth quarter of 2017. The profitability for the fourth quar ...

OilVoice Press - OilVoice


Posted 9 hours agoPress > Lundin PetroleumFinancial Resultsexploration

Milestone Achievement for Empyrean Energy as Production and Gas Sales Now Underway at Dempsey Well California

Production and Sale of Gas from Dempsey 1-15 Well Commences Empyrean Energy (EME: AIM), the oil and gas development company with interests in China, Indonesia and the United States, is pleased to announce that it has been informed by Sacgasco Limited (ASX: SGC) (“Sacgasco”), the operator of the ...

OilVoice Press - OilVoice


Posted 11 hours agoPress > Empyrean EnergyDempsey Gas WellCalifornia +5
All posts from oilvoice