International underwater contractor, Subsea 7 today announced a contract award from BP for work associated with the Schiehallion Infill and Foinaven Water Injection pipelay projects, off the West of Shetland. Contract value is placed in the region of $12M.
Contract will begin immediately and is scheduled to be complete by 3rd quarter of 2005.
Water depths for the project range from 395 to 455 metres and the scope of work for Schiehallion and Foinaven includes the engineering, procurement, transportation, installation and testing of both a 10” NB production pipeline and a 10” NB water injection pipeline, respectively.
Spectracom Holdings USA, Southern California based developer of high quality subsea actuators, switches, and valves, is to sell its proprietary technology. The Company's products have been rated to operate at depths of up to 20,000 feet and are currently being used by the U.S. Navy in its ROV and AUV program, as well as over 2,000 other clients in the oil and gas, and ocean research and exploration industries. Major clients include: The Boeing Company, Allied Signal, General Electric, US Navy, Oceaneering International, Northrup Grumman, Halliburton, and others, with domestic and international operations.
For more information contact: Spectracom Holdings in the USA at +1 949-235-1703.
International underwater contractor, Subsea 7 has been awarded a series of contracts by Stolt Offshore subsidiary PT Komaritim (PTK), in support of its recently acquired subsea operations services contract for BP West Java Ltd. The two year contract, with a further one year option, is worth in excess of US$24 million and will be performed by Subsea 7’s Integrated Remote Technologies division.