Subsea 7 Clinches $300 Mln UK North Sea Job

January 4, 2013

Subsea 7 S.A. has been awarded a contract valued at approximately US$300 million from Dana Petroleum, for the provision of subsea EPIC services in support of their Western Isles development project in the UK North Sea.

The contract scope includes the engineering, procurement, construction and installation of two 2.5 kilometer pipeline bundles and a 11 kilometer gas export pipeline. Engineering and project management will commence immediately from our Aberdeen office, with offshore activities scheduled to commence in 2014.

Steph McNeill, Subsea 7’s Vice President UK and Canada, said “The award of this prestigious contract from Dana is an endorsement of our unique bundle technology. We are grateful to Dana for choosing us to provide them with a cost effective solution and look forward to helping them deliver this strategically important development”.

The Western Isles project will develop two discovered oil fields called Harris and Barra in the Northern North Sea, 160km east of the Shetlands and 12km west of the Tern field.

The nine-well Western Isles development is expected to produce more than 40,000 barrels of oil equivalent, adding more than 30,000 barrels (net) to Dana’s daily production when it comes onstream in 2015.

Sevan Marine FPSO Technology Selected for Western Isles Development

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January 4, 2013