Subsea 7 awarded contract Offshore Norway
Luxembourg – 27 February 2018 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable(1) contract by Wintershall for the Nova (formerly known as Skarfjell) oil and gas field development. Nova is located in the north-eastern part of the North Sea, 16 kilometres from the Gjøa field, in a water depth of approximately 360m.
The Nova field development is a subsea tie-back to the existing Gjøa semi-submersible production facility. The contract award comprises the Engineering Procurement Construction Installation (EPCI) delivery of the pipeline and riser systems, and the transport and installation of subsea production systems and umbilical system.
Fabrication of the pipeline will take place at Subsea 7’s spoolbase at Vigra, Norway. Project Management and engineering will commence immediately at Subsea 7’s offices in Stavanger, Norway. Offshore operations will take place in 2019 and 2020.
Phil Simons, Subsea 7’s Vice President North Sea and Canada, said: “This sizeable contract award recognises our record of strong execution with Wintershall. This project draws upon Subsea 7’s substantial experience of delivering EPCI projects safely, efficiently and reliably.”
(1) Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.