SUBSEA 7 INC. (OSE Symbol: SUB) announced today that it has received an award of contract valued in excess of US $70 million from Total E&P Nederland B.V. acting on behalf of its Partners for work in the Dutch Sector of the Southern North Sea.
Subsea 7 will undertake engineering, procurement, construction and installation of an 8” diameter flowline and umbilical systems, together with the associated tie-in and pull-in operations. The contract will also include the engineering, procurement, fabrication and installation of the subsea protective structure complete with the pipeline end manifold, integrated umbilical distribution equipment and associated activities.
Engineering work for the project will commence immediately with offshore construction scheduled to take place in multiple phases throughout 2007. The development will take place in the K6 Central Complex in a water depth of approximately 40 metres. When the K5F field comes onstream it will be exported via the K6 Central Complex for delivery to Gasunie, onshore in the Netherlands for supply to the local gas network.
Robin Davies, Regional Vice President, North Sea commented, “Following on from our successful completion in recent years of the L4G and MCP01 projects we are delighted to be continuing our working relationship with Total”.
Ends 05 September 2006
Subsea 7 Public Relations:
Pat Stephen Tel: +44 1224 344508 or +44 7712 427608
E-mail: pat.stephen@subsea7.com
Notes to editors:
Subsea 7 is one of the world’s leading subsea engineering and construction contractors with a workforce in excess of 3900 people worldwide. 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), five pipeline construction yards and a fleet of modern, high-specification dynamically-positioned ships capable of reeled and flexible pipelay, deepwater subsea construction and saturation diving. (www.subsea7.com)
