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Ian Cobban News

14 May 2013

Subsea 7 Wins GofM Pemex Contract

Seven Borealis: Photo credit Subsea 7

Subsea 7 S.A. announce a contract award by Pemex to its Mexican joint venture valued at approximately US$90-million. The contract comprises the engineering, fabrication and installation of an 8km pipeline, related risers, two slug catchers (a slug catcher is a storage vessel used to separate oil, water and gases and regulate flow within a pipeline)  and two cantilever structures for the Line 67 Project in the Bay of Campeche. This is the second contract awarded to the joint venture.

14 May 2011

Subsea 7 Awarded a Three-year Contract From BP

Subsea 7 S.A. (Oslo Børs: SUBC) announced the award of a three year Life-of-Field Contract by BP Exploration & Production Inc. The contract will cover the provision of two vessels, including a dedicated vessel on full time basis, and associated project management and engineering support, for ROV based inspection, intervention and light construction work in the US Gulf of Mexico starting mid 2011. The estimated contract value of this Frame Agreement is approximately $125 million.

21 Feb 2011

Subsea 7 Wins Chevron GOM Contract

Subsea 7 S.A., a global leader in seabed-to-surface engineering, construction and services, announced the award of an engineering and installation contract by Chevron U.S.A. Inc. for Tahiti Phase 2 development in the Gulf of Mexico. The Subsea 7 workscope is to install one 7.5” x 13,000ft long flexible riser, one 4” x 4,500ft long umbilical, five rigid well jumpers, 10 electrical flying leads (EFL) and seven steel flying leads (SFL). Subsea 7 will also transport the flexible riser from Le Trait, France to the Gulf of Mexico. The engineering work will commence immediately at Subsea 7’s Houston office. The installation of the flexible and umbilical will take place Q3, 2011 with the five well tie-ins occurring through to mid 2012.