Subsea 7 Bags Apache Contract Off UK

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) was yesterday awarded a sizeable engineering, procurement, installation and commissioning (EPIC) contract by Apache North Sea, as part of the Callater field development, located 335km north east of Aberdeen.

The contract work scope covers the project management, engineering, procurement, construction and installation of a 4 km, 45” Pipeline Bundle system consisting of production lines, and power and supply services. It also includes the installation of a 13km electro-control umbilical, associated structures, field testing and pre-commissioning works.

Project management and engineering work will commence immediately from Subsea 7's offices in Aberdeen, with offshore activities planned for the first quarter 2017.

Phil Simons, Subsea 7 Vice President UK and Canada, said: “This award demonstrates our ability to collaborate with our clients to produce cost-effective technical solutions. It further recognises the 35-year proven track record of our Pipeline Bundle technology for extending subsea infrastructure lifespans, whilst offering clients considerable cost savings from having all service lines integrated in a single product.”