Subsea 7 Inc announced today that it has been awarded a US$ 100m contract from StatoilHydro for engineering, procurement, construction and installation of the Troll B Gas Injection project in the Norwegian sector of the North Sea.
The Troll B Gas Injection project will be developed with two separate subsea satellite wells, located respectively 3.5 km and 6.5 km south of the Troll B platform. The wells will be connected to the Troll B platform by a single gas injection pipeline and a control umbilical.
Subsea 7’s scope is to engineer, procure, fabricate and install a 6.5 km long 12” rigid pipeline, incorporating in-line and end structures for the connection to the satellite wells, in addition to the control umbilicals. Furthermore, Subsea 7 will install two off 200 tonne satellite structures utilising the heavy lift capabilities of one of its new vessels.
Engineering and procurement activities will commence immediately and will be performed at Subsea 7’s offices in Stavanger, Norway. Fabrication of the pipeline will be carried out in early 2009 at Subsea 7’s new North Sea Spoolbase at Vigra on the north-west coast of Norway. Pipelay operations are due to take place in 2009 and will utilise one of Subsea 7’s specialised reeled pipelay vessels. The remainder of the offshore installation scope, which also involves burial of the umbilical and pre-commissioning activities on the complete pipeline system, will be performed in 2010.
Tor Espedal, Subsea 7’s Norway Vice President stated, “This contract builds on Subsea 7’s successful and long-standing partnership with StatoilHydro on the Vega and Troll developments, which continues to create sustainable value for both parties through integrated working and alignment of interests and expertise. We are pleased StatoilHydro has selected us to work with them on this latest development.”
The contract is a call-off of an option under Subsea 7’s existing Troll O2 contract with StatoilHydro.
The Troll field is located in the Norwegian Continental Shelf, approx. 70 km north-west of Bergen, in water depths between 300 and 340 m.
Recommended Reading
MidOcean Appoints Lumens to CFO
2024-05-14 - Armand Lumens most recently served as the group CFO of Neptune Energy, where he helped develop the company’s financial and IT strategies.
Baker Hughes Awarded Saudi Pipeline Technology Contract
2024-04-23 - Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions
Aramco Reports Second Highest Net Income for 2023
2024-03-15 - The year-on-year decline was due to lower crude oil prices and volumes sold and lower refining and chemicals margins.
Equitrans Midstream Announces Quarterly Dividends
2024-04-23 - Equitrans' dividends will be paid on May 15 to all applicable ETRN shareholders of record at the close of business on May 7.
Dividends Declared in the Week of May 6
2024-05-10 - Here is a selection of upstream, midstream and service and supply companies’ dividends declared in the past week.