Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (May 29 – June 04).
With offshore operations to be completed this summer, the six month contract will see Bibby Offshore adopt a multi-vessel approach, utilizing its subsea support and construction vessel Olympic Ares, and its diving support vessel, Bibby Polaris.
The company has also been awarded a call off for removal of the Valhall QP topsides and QP/DP bridge in 2019 and disposal thereafter.
The contract has a duration of six years plus two two year options.
The contracts have a combined total estimated potential value of USD 26 million.
The work scope includes saturation-diving and ROV works for riser installation, pipeline tie-ins and MOPU decommissioning in the Malaysian Peninsular and Sarawak.
The lay equipment comprises Swan Hunter’s new-build loading tower complete with tensioner, a 26-meters basket carousel provided by a joint venture partner, plus project-specific components.
The contract is of 15 months duration scheduled to start in mid-2019. It includes options up to a maximum of 45 months, not comprised in the contract value.
In addition to this contract, which will allow the company to participate in the development of the Coral field, Saipem has been awarded other offshore drilling contracts.