Subsea 7 Wins North Sea Decommissioning Work

Subsea 7 will provide decommissioning services for the second phase of Centrica (CPYYY)’s Rose and Stamford gas field decommissioning programs, located in the southern North Sea.

 

The project is the latest call-off contract under a partnership frame agreement signed in 2005. Subsea 7 has partnership frame agreements with several independent operators, to provide services on a long-term preferred supplier basis. This collaborative approach is helping to drive down costs and promote early engagement on a wide range of projects.

 

Having completed phase one in 2015, phase two will focus on the safe removal and recovery of a greater number of subsea pipeline components, and the responsible management of waste disposal. Both phases are part of an overall decommissioning program agreed with the Department of Energy & Climate Change (DECC).

 

Offshore activities are scheduled for 2016 and will be performed by one of Subsea 7’s six North Sea Diving Support Vessels (DSV), to ensure optimized availability and flexibility. Engineering and project management will commence immediately in Aberdeen.