Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) Tuesday (Apr 10) announced the award of a sizeable(1) contract by BP, for the provision of EPCI flowline supply and subsea installation services for the Alligin subsea development project, located approximately 140 kilometres west of the Shetland Islands.
The contract scope includes project management, engineering, procurement, construction and installation of a subsea tie-back to the existing Schiehallion area infrastructure.
Project management and engineering work will commence immediately at Subsea 7’s office in Aberdeen. Offshore activities will take place in 2019 using Subsea 7’s reel-lay vessel, Seven Oceans.
Jonathan Tame, Vice President UK & Canada, said: “In our competitive market, this award reflects BP’s confidence in our collaborative approach to project management and safe, efficient and cost-effective project delivery.”
1. Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.
Source: Subsea 7