UK: Subsea 7 Awarded $100 M North Sea Contract
Subsea 7 Inc , one of the world’s leading subsea engineering and construction companies, announced today that it has been awarded a contract in the UK sector of the North Sea valued in excess of US $100 million.
The Subsea 7 work scope is to engineer, fabricate, install and commission a pipeline bundlesystem. Offshore installation of the bundle is scheduled for the first half of 2012.
A pipeline bundle product integrates the required flow lines, water injection, gas lift and control systems necessary for a subsea development and assembles them within a steel carrier pipe. At each end of the pipeline, the structures, manifolds, incorporating equipment and valves, designed specifically to the requirements of the field, are attached. The fully tested system is then launched and transported to the location using the controlled depth tow method. Once installed no trenching or rock dumping is required.
Source: Subsea 7, August 9, 2010: