Subsea 7 SA has been awarded a sizeable contract on May 7 by Independent Oil and Gas (IOG) for the Blythe and Vulcan Satellites field development, located in the U.K. sector of the southern North Sea.
The contract scope includes the project management, engineering, procurement, construction and installation of 35 km of flow lines between the Southwark, Blythe and Elgood fields, together with subsea structures, an umbilical, and associated subsea tie-ins.
Project management and detailed engineering has commenced at Subsea 7’s office in Aberdeen, and offshore activities are scheduled to commence in 2020.
“We are pleased to be awarded this contract, which strengthens our reputation as a global provider of value-driven SURF solutions. We look forward to collaborating with IOG to ensure the cost-effective, safe and timely execution of each phase of the development,” Jonathan Tame, vice president UK & Canada, said.
Subsea 7 defines a sizeable contract as being between $50 million and $150 million.
Recommended Reading
CNOOC’s Enping 18-6 Field in South China Sea Goes Online
2023-10-27 - CNOOC’S shallow water field production is expected to peak at 9,300 bbl/d in 2024.
TotalEnergies Eyes New South America, Africa Cash Flow Potential
2023-10-29 - TotalEnergies SE CEO Patrick Pouyanné believes recent exploration successes in South America and Africa hold potential to boost the French company’s production and cash flow.
Lufeng 12-3 in South China Sea Begins Production
2023-09-25 - The Lufeng 12-3 FPSO in 240 m water depth is planned to reach peak production of 29,500 bbl in 2024.
TotalEnergies, APA Eye $9B FID in Suriname’s Block 58
2023-09-14 - TotalEnergies and APA Corp. have launched development studies offshore Suriname in Block 58 and eye the start of detailed engineering studies by end 2023 and a $9 billion FID by year-end 2024.
Hess’ Bakken Production Nearing Peak of 200,000 boe/d
2023-10-26 - Hess Corp.’s combined oil, gas and NGL production from onshore Bakken in this year’s third quarter is close to reaching its peak of 200,000 boe/d.