SRP Secures Contract from Total for Moho Nord Project
- Business & Finance
Subsea Riser Products (SRP), an Acteon company, has won a multi-million pound contract with Total to supply a 3,500-psi drilling riser and deployment tooling for the Moho Nord project in The Republic of the Congo.
This is the first time that Total, an oil and gas super-major, has awarded SRP a direct contract.
The scope of the contract includes 43 joints for drilling from a tension leg platform in a water depth of 780 m, located 75 km off the coast of Pointe Noire. Manufacturing and assembly work will take place in the UK and mainland Europe, and the equipment will be delivered by March 2015. The project will call on skills from a range of departments within SRP, including design, engineering, quality and procurement.
Johnny Shield, managing director, SRP, said, “This is a major project award that confirms our ability to engineer and provide complex turnkey riser projects directly to major oil and gas companies. This contract provides a solid base from which SRP will grow and provide its riser engineering and procurement capability offering to other companies. A key aspect of the contract win was our ability to deliver to the highest quality level against an aggressive schedule at a competitive price.”
Press Release, January 16, 2014; Image: Total