The deep-water pipelay for Line 1 of the TurkStream offshore gas pipeline across the Black Sea has been completed.
The average rate of the deep-water pipelay carried out by the pipelaying vessel Pioneering Spirit was 4.3 km/day.
The maximum pipelaying rate – 5.6 km/day – was reached twice in February 2018.
Saipem was awarded a pipeline project in the E&C offshore sector in the Middle East worth approximately $1.3 billion.
The contract involved engineering, procurement, construction and installation (EPCI) activities associated to two 32-inch export pipelines, two 24-inch corrosion-resistant alloy (CRA) intrafield pipelines, risers, spool pieces and subsea structures also entailing a short onshore section and offshore brownfield topsides modifications.
Q3 2018 was marked by the VARD sale of the diving support and construction vessel previously contracted by Harkand Group. Subsea 7 secured new contract for the execution in 2019 and 2020, while TechnipFMC secured the contract for the Zinia Phase 2 field development.
TechnipFMC was awarded a contract by Total E&P Angola for the Zinia Phase 2 field development, located offshore Angola.
The contract covered the Engineering, Procurement and Construction (EPC) of subsea equipment including nine subsea tree units as well as wellheads, subsea control systems, connection systems and associated equipment.
The contract also covered support services, performed by TechnipFMC in Angola, for the assembly, test, mobilization and installation.
Subsea 7 was awarded a ‘substantial’ offshore Conventional contract with an undisclosed client.
Offshore execution is planned for 2019 and 2020.
The contract is said to be between USD 150 million and USD 300 million.
No further details have been disclosed due to contractual obligations, the company said in its Oslo stock exchange filing.
VARD signed a sales and purchase agreement (SPA) for the sale of the diving support and construction vessel previously contracted by Harkand Group.
The SPA was signed with an undisclosed international customer, the company informed.
The original contract with Harkand had been announced on December 30, 2013, followed by an update announcement in May 2016 when the company was notified that Harkand had entered into administration.
In the final quarter of 2018 BHGE, McDermott and L&T Hydrocarbon Engineering (LTHE) received the subsea contract for India’s Oil & Natural Gas Corporation’s (ONGC) largest deepwater project. In addition, Equatorial Guinea directed all petroleum operators to cancel all contracts with Subsea 7 due to noncompliance of its local content regulations.
BHGE, McDermott and L&T Hydrocarbon Engineering (LTHE) secured the subsea contract for India’s Oil & Natural Gas Corporation’s (ONGC) largest deepwater project, the development of block DWN-98/2 in the Krishna Godavari basin.
The integrated subsea package included the supply of all subsea production systems (SPS), including 34 deepwater trees, and the installation of subsea umbilicals, risers and flowlines (SURF) at a water depth of between 300 meters and 3,200 meters.
Equatorial Guinea has directed all petroleum operators to cancel all contracts with Subsea 7 due to noncompliance of its local content regulations.
The African country has placed the law in 2014 under which all agreements must have local content clauses and provisions for capacity building, with preference given to local or regional companies in the award of service contracts. The law prescribes that local shareholders must be part of every contract and that the operators have an obligation to ensure compliance of their subcontractors.
Saipem and Petrobel have negotiated an offshore contract addendum worth more than $1.2 billion for EPCI activities in relation to the “Ramp Up to Plateau” phase of the ‘supergiant’ Zohr field development project in the Mediterranean Sea off Egypt.
The current addendum to the work includes the installation of a second 30-inch diameter gas export pipeline, infield clad lines, umbilicals and electrical/fiber optic cable, as well as EPCI work for the field development in deep water (up to 1700 metres) of 10 wells.