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Friday, April 19, 2024

New Stolt Comex Seaway Contracts Add To Growing Order Book

Major recent contract awards have increased the December 1 contract backlog for Stolt Comex Seaway (SCS) to $200 million, which compares with the January 1993 backlog of $204 million. A significant part of the current backlog is for work beyond 1994, although the latest contracts both begin in early 1994.

Two recent contracts in the North Sea totaling $18 million are welcome additions to the growing SCS order book for the 1994 offshore season. "We are pleased with the present growth of the SCS order book. We are progressing at a satisfactory pace," said SCS President Guy Fleury.

The first contract, secured by SCS's U.K. division, is for the tie-in of the Amerada Hess Hudson field manifold and pipelines to the Tern platform. Valued at $9 million, the contract involves installation of 30 pipeline spool pieces, the lay and trenching of three umbilicals, and the installation of the control system components. The work will be conducted from the DSV Seaway Harrier with the DSV Seaway Condor undertaking the umbilical lay and trench.

A second contract, valued at $9 million for the years 1994-1996, has been awarded to SCS's Norway division by Elf Norge. The contract calls for the provision of extensive ROV (Remote Operated Vehicle) services and will include drill support, pipeline inspection as well as the inspection of subsea structures.

Of note in the Elf contract is SCS's commitment to provide a substantial amount of specially-developed state of the art equipment including the Computer Assisted Telemanipulation (CAT) System. The product of more than five years of SCS research, the CAT System enables diverless automated structural inspection and is the latest generation in subsea ROV technology, incorporating artificial intelligence and stereovideogrammetry.


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