Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 29 – March 06).
In the fourth quarter 2015, the Oslo-listed firm booked impairment charge of $521 million relating to goodwill and $136 million relating to vessels and equipment.
The project will see Harkand provide project management and engineering services and deploy its personnel and one of its dive support vessels to install new subsea equipment for North Sea subsidiary Apache Beryl I Limited.
According to Solstad, the new contract extension will start in June 2016, with an option for Subsea 7 to extend the contract by a further two years.
The vessel M/V Olympic Zeus has been chartered for a period of up 9 weeks, including options. The vessel will be carrying out project work in West Africa. The Olympic Hera will carry out the work in Trinidad & Tobago for an estimated contract period of 8 weeks.
The scope of supply includes two x 1200 metre umbilicals, which provide annulus circulation function to subsea systems. Both umbilicals will be supplied on JDR’s new ‘Mark II Reeler’ technology.