Stolt Offshore Wins $120M in Contracts

Wednesday, April 07, 2004
Stolt Offshore S.A. received contract awards and Letters of Intent totaling approximately $120 million from various customers operating in the North Sea. In the UK sector of the North Sea, BP has awarded Stolt Offshore two contracts totalling $12.4 million for construction and installation of the gas import/export system for Clair Phase 1 and the tie-in of the Clair oil export and gas import/export pipeline systems. BP has also awarded Stolt Offshore a contract, valued at approximately $19.3 million, for the design and construction of an 18-inch hot-tap into the 36-inch BP Forties Pipeline System.

Stolt Offshore has been issued with a Letter of Intent for the engineering, procurement, installation and commissioning of a 29km 12-inch pipeline system, in the Southern sector of the North Sea. This work is valued at approximately $31.4 million. A Letter of Intent has also been received from Paladin for the installation of a new 10-inch, 8.5km water injection line between the Montrose and Arbroath platforms in the UKCS. This work is valued at $9.3 million.

The German oil company Wintershall Noordzee BV has awarded Stolt Offshore a $12.5 million contract for the installation of the 8-inch, 13.5km pipeline and a services umbilical between the Q5-A subsea completion and the platform at Q8-B in the Dutch sector of the North Sea.

In the Norwegian sector of the North Sea, Stolt Offshore has been awarded an $11.5 million contract from Statoil for installation work on the Aasgard field, and a Letter of Intent for the design, fabrication and installation of a 16-inch gas riser system at the Visund platform, a project valued at $8.3 million.

In addition, Conoco Phillips has contracted the EPIC Joint Venture (a Joint Venture between Stolt Offshore and Subsea 7) for subsea construction work associated with the Ekofisk Area Growth and 2/4 A Pipeline Replacement projects. Stolt Offshore's share of this contract will be approximately $15.5 million.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

Challenges for Offshore Exploration

The oil discoveries are down 47% y-o-y on an annualised basis so far in 2016, global rig utilisation has dropped 22 percentage points to 73% in two years, and 29% of seismic units are inactive,

Sembcorp Profit Halved as Clients Defer Projects

Revenue falls 30 pct; order book at S$9.7 billion. Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces

Education/Training

First Female Deputy Harbor Master at Port of Durban

One of the first three women in Africa to obtain a Marine Pilot open license in 2011, Pinky Zungu has again made history with her appointment as Transnet National

CMA CGM at the Heart of Paris Art Installation

Worldwide shipping group CMA CGM  announced that it is the main partner of the Monumenta 2016 art exhibition in Paris.    CMA CGM has decided to be at the heart of the creation of the masterpiece,

Oregon State Seeks Shipyard Input for New Research Ship

Oregon State University to issue RFI on ship project after design completion   The design phase for a project to construct a new regional class research vessel

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0717 sec (14 req/sec)