Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (June 06 – June 12).
Det norske has awarded a subsea contract for christmas trees to Aker Solutions for Alvheim field, Det norske’s core area of production. In addition, Subsea 7 has been awarded a contract for SURF services.
The contracts for Aker Solutions and Subsea 7 are worth over NOK 2.7 billion (approximately $333 million), and will cover a firm scope of the already decided subsea tie-ins on Alvheim, as well as the frame contract for the next 4 years.
The contracts have an estimated aggregate value of USD 15 million. The work scopes under the contracts include subsea survey, inspection, repair and maintenance using saturation diving, air diving and the use of underwater remotely operated vehicles (ROVs).
The agreement with Petrobel in Egypt is worth more than NOK 1 billion. It stipulates the delivery of 180 kilometers of steel tube umbilicals that will connect the Zohr subsea development to an offshore control platform.
Of those, 28% have lost half their revenues with sales decreasing by 50% or more, while close to 6% reported no impact on sales and almost only 4% have seen an increase in revenues.
The frame agreement is valid for 2016 – 2018. Through this agreement Technip can utilize Normand Progress, Normand Pioneer, Normand Ranger and Normand Mariner.