Subsea 7 Gains New North Sea Contract
28 December 2011Subsea 7 has announced it has been granted a $185 million (£118 million) job to carry out exploration work in the West Franklin Field in the Central Graben area of the North Sea.
The SURF contract will see the company carrying out engineering, procurement and fabrication work, as well as the installation and commissioning of the Sealines Package which is required as part of the project.
Engineering and project management on the scheme will being this year, with offshore operations to start in summer 2013.
Steph McNeill, Subsea 7's UK vice-president, said the award represents the company's expertise in delivering pipeline bundle technology.
"The product allows efficiencies to be generated by neatly incorporating all the structures, valve work, pipelines and control systems necessary to operate a field in one single product," she added.
Aramco is reportedly planning to increase the number of rigs it operates by around 130 next year in a bid to increase productivity levels back to those seen before the start of the economic downturn.
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