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Subsea7 - News - November 12, 2004

Subsea 7 Wins BP West of Shetland Contract

Global subsea contractor, Subsea 7 today announced a contract award from BP for their 2005 subsea requirements West of Shetlands valued in excess of US $20 million.

Subsea 7 is the single contractor responsible for the underwater construction, inspection, repair and maintenance operations for BP’s Schiehallion, Loyal and Foinaven fields which are located 150 km west of the Shetland Islands in water depths ranging from 400 to 500 metres.

This contract, which commences immediately, will see the multi purpose support vessel Subsea Viking operating for BP between April and September 2005 with the potential for further work and an option for a similar arrangement in 2006.

Commenting on the award, Robin Davies, Subsea 7’s UK vice president said,” We have provided this unique service to BP since their installation of the fields in the mid 90’s, and we look forward to continuing to support the operator in their efforts to gain the optimum productivity from these remote oil fields. The key reason for this success is the excellent performance of the personnel, the provision of key assets and commitment to the future of the West of Shetland operations”.

Ends
12 November 2004

For more information, contact:

Pat Stephen on +44 1224 344508 or +44 7712 427608
Lyndsay Cruickshank on +44 1224 344606

Notes to editors

Subsea 7 is one of the world’s leading subsea engineering contractors. The company has offshore operations supported out of the UK, Norway, Singapore, Brazil, United States, West Africa and the Caspian and employs 3500 world-wide. Subsea 7 has a fleet of remotely operated vehicles (ROVs), four pipeline construction yards and 14 modern, high specification dynamically positioned ships capable of deepwater reeled and flexible pipelay, deepwater subsea construction and saturation diving. Website: www.subsea7.com



 


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