Subsea 7 Inc (OSE Symbol: SUB) announced today that it has been awarded a contract by Total E&P (Exploration & Production) UK Ltd for work in the Northern North Sea valued in excess of US $45 million for installation works in the Jura Field.
Subsea 7 is to design, fabricate and install a 3km long Pipeline Bundle System using the Controlled Depth Tow Methodology (CDTM) to tie-back the new Jura 1 and Jura 2 wells to the Forvie subsea manifold which exports hydrocarbon back to the Alwyn and Dunbar platforms.
Engineering has commenced in Subsea 7's offices in Aberdeen. Fabrication is expected to commence at Subsea 7's Pipeline Bundle fabrication facility at Wester Site in Wick, North East Scotland in October 2007.
Offshore operations are due to take place in early 2008 and will utilise a construction support vessel and a diving support vessel from Subsea 7's fleet.
Robin Davies, Subsea 7's North Sea Vice President stated, "It is an endorsement to Subsea 7's technology and engineering expertise that Total E&P UK has chosen the CDTM method of installation for the Jura Field. It will also see a double insert manifold structure¹ being installed for the first time. I am delighted to say that the contract will also provide a number of additional job opportunities at our Wick site where a full project team will be engaged prior to the bundle launch in early 2008".
Ends 19 July 2007
Subsea 7 Inc Public Relations:
Jackie Doyle Tel: +44 1224 344425
E-mail: jackie.doyle@subsea7.com
Sandra Jaffrey Tel: +44 1224 795661
E-mail: sandra.jaffrey@subsea7.com
Notes to editors:
1. Subsea 7 is one of the world's leading subsea engineering and construction companies offering expertise and assets that make Subsea, Umbilical, Riser and Flowline (SURF) field development possible.
2. With a multi-national workforce of over 4,500 people worldwide, the company's global offshore operations are supported out of the North Sea, Africa, Brazil, Gulf of Mexico and Asia Pacific. Subsea 7 has a fleet of industry leading, dynamically-positioned ships capable of reeled steel and flexible pipelay, Subsea construction and saturation diving and a portfolio of pipeline construction yards worldwide. (www.subsea7.com)
3. Subsea 7 vessel images and specifications are available on request - please contact above.
¹ Double insert manifold structure allows each well to have a recoverable insert structure that is removable from the main manifold.
