Subsea 7 Awarded Contract from BP Norge AS
SUBSEA 7 INC. (OSE Symbol: SUB) announced today that it has been awarded a contract valued in the region of US $ 55 million by BP Norge AS for fabrication, installation and tie-in of two new pipeline systems at the Valhall field which is located in the Norwegian sector of the North Sea.
Four new pipelines each 6,5 km in length and three riser caissons will be installed in the field at a water depth of approximately 70 meters.
Offshore operations are due to take place in 2008.
Tor Espedal Subsea 7