Thursday, December 6, 2012

[Equipment] Subsea 7 wins $150m topside

Subsea 7 wins $150m topside

Luxembourg – December 4, 2012 - Subsea 7 S.A. (Oslo Børs: SUBC) announced the award of a EPCI topside contract valued at approximately $150 million from Chevron for the development of the Lianzi field offshore the Republic of Congo and Angola.

The scope of work includes a 200mT module hosting a high voltage generation system for the new subsea Direct Electrically Heated pipeline cable, a 80mT flow meter deck extension, and various upgrades on the platform. Project execution will maximize the use of local personnel and resources in the Republic of Congo and Angola. Onshore fabrication will be performed in both the Republic ofCongo and Angola by Subsea 7’s Angolan joint venture. The offshore works, including installation, hook-up and commissioning, are scheduled for the second half of 2014.

Olivier Carre, Senior Vice President for Subsea 7’s Africa and Gulf of Mexico Territory, said: “following the award to Subsea 7 earlier this year of the subsea installation works for the Lianzi development, we are proud of the award of the topsides modifications works, which demonstrates our proven capabilities in the offshore hook-up and revamping segment”.



Published : December 5, 2012


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