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Subsea 7 - News - May 12, 2004

North Sea Award for Subsea 7

Global subsea contractor Subsea 7 has today announced a contract award, valued in the region of 41.5 MNOK, from Technip Offshore Norge A/S for work associated with the Snøhvit field, which lies in water depths of approximately 350 metres in the Barents Sea.

The scope of work awarded to Subsea 7 includes provision of a vessel to install parts of an 8" carbon rigid CO2 pipeline totalling approximately 121 km in length. Work will begin in the 2nd quarter of this year.

The Snøhvit is located about 140 km north-west of Hammerfest, Norway, and comprises the Askeladd and Albatross finds as well as the main discovery. The development solution is based on subsea installations tied back to Melkøya outside Hammerfest by a pipeline for gas and condensate. The gas will then be processed on land and transported to the market in liquefied natural gas (LNG) carriers.

Robin Davies, North Sea Vice President for Subsea 7 commented, “This award contributes to a highly successful orderbook for the Skandi Navica in 2005 and underlines the continuing importance of the North Sea to Subsea 7”.

Ends

Subsea 7 Public Relations:
Lyndsay Cruickshank Tel: +44 1224 344606
E-mail: lyndsay.cruickshank@subsea7.com
Pat Stephen Tel: +44 1224 344508 or +44 7712 427608
E-mail: pat.stephen@subsea7.com

Notes to editors:
1. With a workforce in excess of 3000 people worldwide, Subsea 7 is one of the world’s leading subsea engineering contractors. The company’s global offshore operations are supported out of Asia Pacific, Brazil, Gulf of Mexico, Norway, UK and West Africa. Subsea 7 has more than 100 remotely operated vehicles (ROVs), four pipeline construction yards and a fleet of modern, high specification dynamically positioned ships capable of deepwater reeled and flexible pipelay, deepwater subsea construction and saturation diving. Website: www.subsea7.com

2. With a workforce of about 19,000 persons, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York and Paris. The Group’s main engineering and business centres are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. The Group has high-quality industrial and construction facilities in France, Brazil, the UK, the USA, Finland and Angola as well as a world-class fleet of offshore construction vessels. Website: http://www.technip.com/



 


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