| Subsea
7 - News - July 22, 2005
Subsea 7’S First
Major Contract with Paladin
Subsea 7 has today announced an award valued
in the region of US $56M by Paladin Expro Limited
for an EPIC (engineering, procurement, installation
and construction) contract for the development
of the Enoch field in the UK Continental shelf.
Subsea 7 will be responsible for a single well
tie-back to the Marathon Brae Alpha platform,
which will include the installation of 15.3 km
of both an eight inch production rigid pipeline
and a three inch gas lift rigid pipeline as well
as the installation of risers and a combined services
umbilical. The engineering and procurement phase
has commenced with the installation planned for
completion by the end of 2006. A number of Subsea
7’s vessels will be utilised throughout
the offshore phase.
The Enoch field is located 16 km from the Brae
Alpha platform which lies 300 km north east of
Aberdeen in 110 metres water depth.
Subsea 7’s UK Vice President, Steve Wisely
said, “This our first major contract with
Paladin and is an excellent opportunity for our
companies to work together to develop the Enoch
field.”
Ends
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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 Paladin Resources is a British independent
oil and gas exploration and production, based
in London and is listed on the London Stock Exchange.
Paladin has a portfolio of production and exploration
assets in the U.K., Danish and Norwegian North
Sea, Australia, Gabon, Indonesia, Romania and
Tunisia. http://www.paladinresources.plc.uk/output/Page1.asp
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