- News - December 8, 2004
Subsea 7 Announce the
Visund Award from Statoil
Global underwater contractor, Subsea 7, today
announced an award from Statoil for subsea construction
work in connection with the completion of the
Visund Gas Export System in the North Sea.
The award, which is a call-off under an existing
frame agreement with Statoil, will be executed
out of Subsea 7’s Stavanger office and is
valued at approximately 40 million NOK. Subsea
7’s workscope includes: detail design, fabrication
and installation of riser base, protection structure,
Pipeline End Manifold (PLEM) and tie-in spool.
The Visund field is located in block 34/8, about
22 km north of the Gullfaks field on the Norwegian
continental shelf. The Visund Floating Production
Unit (FPU) was installed on the field in 1998,
and oil production started in 1999. The water
depth at the work sites ranges form 190m to 335m.
For the work Subsea 7 will utilise a construction
vessel from their fleet. The work will be performed
in the 3rd quarter of 2005.
Subsea 7’s Norway Vice President, Robin
Davies commented “We are delighted with
this award and look forward to continuing our
good relations with Statoil. This award continues
to prove our commitment to the North Sea”.
For more information:
Lyndsay Cruickshank on: +44 1224 344606
Carl Håkon Jarstø on: +47 518 37
Notes to editors
1. Subsea 7 is one of the world’s leading
subsea engineering contractors. The company has
offshore operations supported out of the UK, Norway,
Asia Pacific, Brazil, Gulf of Mexico, West Africa
and the Caspian and employs 3050 world-wide. Subsea
7 has a fleet of 112 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.
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2. “Frame agreement” refers to an
agreement for Subsea 7 to provide services to
Statoil on an as required basis.
3. Statoil is an integrated oil and gas company
with substantial international activities.
Represented in 28 countries, the group has about
24, 000 employees. Nearly 50 per cent of these
employees work outside Norway.
Statoil is the leading producer on the Norwegian
continental shelf and is operator for 20 oil and
gas fields. http://www.statoil.com/