Press

Subsea 7 Awarded Contract Offshore Azerbaijan


Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial(1) contract by BP Exploration for the provision of subsea inspection, repair and maintenance (IRM) services on both the Azeri-Chirag-Gunashli (ACG) and Shah Deniz (SD) fields, offshore Azerbaijan. 

Under the terms of this five year agreement, the scope of work comprises the provision of a Life of Field support vessel complete with work class and observation class ROVs, capable of performing inspection, survey, intervention, light subsea construction, surface diving and emergency response services.  The Life of field support vessel will be supported by a Baku based onshore project management and engineering team. 

Services will begin in March 2018 with a project team located in Baku and additional specialist support being provided from i-Tech Services' operations centre in Aberdeen. 

Steve Wisely, i-Tech Services Senior Vice President, said: ‘The award of this long term IRM contract by BP acknowledges the capability, capacity and diversity of our offering in the Life of Field market. This contract represents a significant milestone for i-Tech Services, with our entry into Azerbaijan. It provides us with an opportunity to develop our in-country and regional presence and tailor our service offerings to support BP's ongoing IRM activities and future offshore developments. We look forward to growing our valued relationship with BP and extending our track record for successfully delivering safe, reliable and efficient Life of Field services.'

 

(1)  Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million.


Visit source site

subsea7.com/en/media-centre/press-releases/2018/su...

Subsea 7OffshoreContractAzerbaijan

More items from oilvoice


Merger in Energy Efficiency Sector Creates Strategic Opportunities

With the rising cost of energy and greater interest in reducing CO2 emissions, retrofitting existing equipment has gained momentum, and an impending merger can provide a more comprehensive approach. A number of companies have arisen to service the market, including Smartcool Systems Inc. (S ...

OilVoice Press - OilVoice


Posted 26 minutes agoOpinion > mergerStreetwise ReportsEnergy +1

ENGIE to Continue Expanding Decentralised Energy Offering Following Year of Successes

ENGIE to champion decentralised energy at upcoming Africa Energy Forum    Mauritius, 19 June 2018 – Global utility ENGIE is confirming its focus on off-grid energy provision in Africa, with plans to continue expanding their solar home system (SHS) and mini-grid activities. ENGIE is launchin ...

OilVoice Press - OilVoice


Posted 6 hours agoPress > ENGIEEnergyAfrica Energy Forum +1

FACTBOX: Venezuela's Near Collapse Takes Toll On Oil Industry

Venezuela's near economic collapse has taken a toll on the country's oil production, causing shifts in oil flows as buyers look to secure alternative supplies. As workers have fled the country, state-owned oil company PDVSA has had a difficult time maintaining crude output, let alone boosting prod ...

OilVoice Press - OilVoice


Posted 6 hours agoOpinion > S&P Global PlattsVenezeulaOil +5

Bass Oil: Onshore Indonesian Oil Operations Update – May 2018

Highlights New multi-year high monthly average oil price of US$70.51 realised from sales from theCompany's 100%-owned Tangai-Sukananti oil field in onshore Sumatra, Indonesia 9% higher total May production of 18,500 barrels of oil (JV share) or 10,175 barrels (net to Bass) May oil sa ...

OilVoice Press - OilVoice


Posted 6 hours agoPress > Bass OilonshoreIndonesia +4

Adoption of Autonomous Vehicles Could Increase U.S. Transportation Energy Consumption

Source: U.S. Energy Information Administration, Annual Energy Outlook 2018 Autonomous Vehicles: Uncertainties and Energy Implications Autonomous vehicles are one of the main sources of uncertainty in the future of U.S. transportation energy consumption, as autonomous vehicle technology has ...

OilVoice Press - OilVoice


Posted 1 day agoOpinion > United StatesUSEIA +3
All posts from oilvoice