Subsea 7 announced the award of a sizeable(1) contract by Wintershall for the Nova (formerly known as Skarfjell) oil and gas field development. Nova is located in the north-eastern part of the North Sea, 16 kilometres from the Gjøa field, in a water depth of approximately 360m.
The Nova field development is a subsea tie-back to the existing Gjøa semi-submersible production facility. The contract award comprises the Engineering Procurement Construction Installation (EPCI) delivery of the pipeline and riser systems, and the transport and installation of subsea production systems and umbilical system.
Fabrication of the pipeline will take place at Subsea 7’s spoolbase at Vigra, Norway. Project Management and engineering will commence immediately at Subsea 7’s offices in Stavanger, Norway. Offshore operations will take place in 2019 and 2020.
Phil Simons, Subsea 7’s Vice President North Sea and Canada, said: “This sizeable contract award recognises our record of strong execution with Wintershall. This project draws upon Subsea 7’s substantial experience of delivering EPCI projects safely, efficiently and reliably.”
(1) Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.
About Subsea 7 S.A.
Subsea 7 (Oslo Børs: SUBC, ADR: SUBCY) is a leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry. Subsea 7 provides technical solutions to enable the delivery of complex projects in all water depths and challenging environments. Subsea 7 S.A. is listed on the Oslo Bors (SUBC), ISIN LU0075646355.
About Wintershall Holding GmbH
Wintershall Holding GmbH, based in Kassel, Germany, is a wholly owned subsidiary of BASF in Ludwigshafen. The company has been active in the extraction of natural resources for 120 years, and in the exploration and production of crude oil and natural gas for over 85 years. Wintershall focuses on selected core regions where the company has built up a high level of regional and technological expertise. These are Europe, Russia, North Africa, South America, and increasingly the Middle East region. The company wants to expand its business further with exploration and production, selected partnerships, innovation and technological competence. Wintershall employs about 2,000 staff worldwide from 50 nations and is now Germany’s largest, internationally active crude oil and natural gas producer.