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  • Subsea 7 awarded contract offshore US Gulf of Mexico
    édité le 21/12/2018 - Plus de news de "Subsea 7" - Voir la fiche entreprise de "Subsea 7"


Subsea 7 awarded contract offshore US Gulf of Mexico
Subsea 7 S.A. announced the award of a sizeable(1) SURF (subsea umbilicals, risers and flowlines) contract by BP for the Manuel project in the US Gulf of Mexico. Project execution will be delivered by Subsea Integration Alliance (SIA)(2), which is a partnership between Subsea 7 and OneSubsea Schlumberger, to provide BP with a fully integrated solution.

The Manuel project comprises a two well development tie-back to the Na Kika production facility, working at water depths of up to 1,900 meters. The project’s SURF workscope includes engineering, procurement, construction and installation (EPCI) of an electrically heat traced flowline (EHTF) and a steel catenary riser and all associated subsea structures as well as front-end engineering and design (FEED). Offshore operations are due to commence in the fourth quarter of 2019.

Early engagement between SIA and BP has enabled the project to be the first in the US to use Subsea 7’s EHTF technology, which enables cost-effective longer tie back solutions.

Craig Broussard, Subsea 7 Vice President for the Gulf of Mexico, said: “The award of the Manuel project is a clear demonstration of the power of collaboration between all stakeholders. Together with our SIA partner, OneSubsea, and the BP team, we have produced an optimised solution that will see the deployment of EHTF technology. This has enabled us to reduce the total cost of the project, while in parallel accelerating the first oil target date to just 24 months from discovery. SIA has been able to deliver this accelerated schedule by removing critical path challenges through early engagement, on both SPS and SURF scopes of work. This has ultimately allowed us to achieve a solution that creates sustainable value for all parties despite a challenging cost environment.”

(1) Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million
(2) Subsea Integration Alliance is a worldwide non-incorporated partnership between OneSubsea, Schlumberger and Subsea 7 developed to jointly design, develop, and deliver integrated subsea development solutions through the combination of subsurface expertise, subsea production systems (SPS), subsea processing systems, subsea umbilicals, risers and flowlines systems (SURF), and life of field services. Its goal is delivering complementary technology and expertise that help customers extend field life and lower production costs, ensuring greater certainty of recovery and return on the investment.

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 BP

BP (NYSE:BP) is one of the world's largest oil and gas companies, serving millions of customers every day in more than 80 countries, and employing nearly 85,000 people. BP's business segments are oil and gas exploration & production, and refining & marketing. In alternative energies, BP has low- and no-carbon wind and biofuels businesses. Through these activities, BP provides fuel for transportation; energy for heat and light; services for motorists; and petrochemicals products for plastics, textiles and food packaging. It has strong positions in many of the world's hydrocarbons basins and strong market positions in key economies.


Origine : Communiqué Subsea 7

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