Subsea 7 Inc, one of the world's leading subsea engineering and construction companies, announced today that it has been awarded a contract from BP Norway, for engineering, procurement, installation and commissioning (EPIC) of the Valhall Flank Gas Lift Pipelines and Wellhead Platform Riser Caisson project in the Norwegian sector of the North Sea. The contract has an approximate value of US $ 40 million.
The scope of work involves engineering, procurement and fabrication of subsea and platform components, installation of 2 x 8" pipelines (1 x 6km pipeline + 1 x 7km pipeline) and 1 new caisson (Nom 30") on the Wellhead platform and subsea tie-in spools at the Valhall Flank South and Valhall Flank North platform locations.
The project management and engineering will be performed at Subsea 7's offices in Stavanger, Norway. The offshore operations are due to take place in two campaigns commencing summer 2010.
Tor Espedal, Subsea 7's Norway Vice President comments: "This is a very exciting and diverse scope of work that will require the use of a number of our new purpose built vessels enabling us to demonstrate their capability and endorse our strategy of bringing them into the market.
"The contract builds upon Subsea 7's successful partnership with BP on the Skarv and Valhall redevelopment projects, which continues to create sustainable value for both parties through integrated working and alignment of business principals and expertise. "
The Valhall field located 290km off the southwest coast of Norway in 70 metres of water in the Norwegian sector of the North Sea. The Valhall complex consists today of seven separate platforms, five in the centre and two Flank installations.