Subsea 7 S.A. announces call-off contract under the Frame Agreement with DONG Energy
Subsea 7 S.A. announced today the award of a call-off contract under the offshore engineering and construction Frame Agreement with DONG Energy for the Siri Caisson Permanent Support Project. The value of the call-off contract is approximately $220 million.
The scope involves the engineering, procurement, fabrication and all associated construction and commissioning activities in relation to the Siri Caisson Permanent Support Project. This project involves the permanent support of the Siri platform via installation of cable stays between the platform legs and the permanent securing of the caisson through the installation of a support structure connected to the wellhead caisson.
Engineering will commence immediately, with offshore operations schedule to commence in the second half of 2011 and 2012 using the new build Seven Havila and Skandi Acergy.
Øyvind Mikealsen, Subsea 7's Senior Vice President, North Sea, Mediterranean & Canada said: "We are pleased to be awarded this contract for DONG Energy which is the sixth call-off contract under our Frame Agreement, and which further strengthens our long-term partnership with DONG Energy. The Frame Agreement has enabled us to safely and successfully deliver North Sea projects together in a value creating way for both parties."