Subsea 7 Bags Norwegian North Sea Contract

Subsea 7 S.A. announced it has been awarded a pipeline and construction contract worth approximately $300 million from Wintershall Norge AS for the Maria field development.

The contract consists of engineering, procurement, construction and installation (EPCI) of 95 kilometers of rigid flowlines and associated structures to develop the Maria field located in the Norwegian Sea at a water depth of approximately 300 meters.

Project management and engineering work will commence immediately at Subsea 7’s offices in Stavanger, Norway, while offshore operations are scheduled to commence in 2016 and are expected to be completed in 2017.

Offshore activities will utilize a variety of Subsea 7 vessels, including the newbuild vessel, Seven Arctic, with its high-end capability and capacity. The pipeline production for clad, mechanically lined pipe (BuBi), plastic lined and carbon steel pipelines will take place at Subsea 7’s spoolbase at Vigra, Norway.