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CONTRACT AWARDS

Nexans awarded Ormen Lange dredging services contract worth 24 million euros

[01.04.04]  Nexans, the worldwide leader in the cable industry, was today awarded a dredging services contract worth 24 million euros from the Norwegian company Hydro on behalf of the Ormen Lange license group.

CONTRACT AWARDS

Saipem Wins Contract to Extract Fuel from the Prestige

Saipem has been awarded the contract for the extraction of fuel oil cargo from the wreck of Prestige oil tanker. The oil tanker sunk offshore Galicia, Spain, to a depth of over 3800m, on 19th November 2002. The contract, of a total amount of approximately 60 million Euro, has been awarded by the Spanish oil company Repsol YPF, which is acting on behalf of the Spanish Administration. Saipem, an Eni Company, has been awarded the contract for the extraction of the fuel oil cargo from the wreck of the “Prestige”, the oil tanker sunk offshore Galicia, Spain, to a depth of over 3800m, on November 19, 2002

CONTRACT AWARDS

Stolt Offshore Announces $120 Million of Contract Awards in the North Sea

London, England – April 07, 2004 - Stolt Offshore S.A. (NasdaqNM: SOSA; Oslo Stock Exchange: STO), announced today that it had received contract awards and Letters of Intent totalling approximately $120 million from various customers operating in the North Sea.

CONTRACT AWARDS

Subsea 7 awarded Hydro Oseberg Vestflanken


Subsea 7 today confirms the award of the EPCI contract for Oseberg Vestflanken project by Hydro ASA. The basic scope of work covers the Engineering, Procurement and Installation of the Oseberg Vestflanken project which is a tie back to the Hydro operated Oseberg field centre. The approximate contract value for Oseberg Vestflanken is 40 mUSD. Subsea 7 have also received a letter of intent for the Tune phase 2 tie back which is an extension to the Tune Phase 1 project completed by Subsea 7 in 2002.

CONTRACT AWARDS

Horizon Offshore Contractors will lay a natural gas pipeline in Israel

benny writes:  

The Israeli Electricity company awarded contracts valued at  US$ 100 million for the construction of a 30" natural gas pipeline between Power stations along the meditearnean coast, from Ashdod to Dor, a total of 92 KM. The water depth will be 30-40m and the pipeline will be in a trench. There will be connections to power stations and desalination plants along the way. The pipelaying contractors will be Horizon Offshore Contractors, the pipe lengths will be supplied by Corus (UK) and coated in Israel.

Published by www.nfc.co.il on the 24/2/2004 translated and summerized from Hebrew.

CONTRACT AWARDS

Geoconsult Wins Survey Contract for Ormen Lange Work

Hydro, on behalf of the Ormen Lange license group, has awarded AS Geoconsult a NOK 150 million contract for marine survey services for the Ormen Lange field pipelines.

The contract comprises both seabed mapping services, plus the installation and maintenance of transponders.

Work on this contract will start mid-March and includes survey work along the planned pipeline route from the Ormen Lange field to the landfall at Nyhamna in Mid-Norway.

CONTRACT AWARDS

CDL using North Sea kit on water contract

Aberdeen subsea survey and navigation equipment maker CDL has taken North Sea technology into another industry by landing a contract with Thames Water.

The work, which is about to start, involves profiling and video surveying of tunnels for the water group, using cameras and sonar systems developed by CDL and operating from a special remotely-operated raft being built by the Aberdeen firm.

CONTRACT AWARDS

Perry Slingsby Systems to Provide Triton® T800 to KT Submarine of Korea

Rons_ROV_Links writes:  Perry Slingsby Systems has contracted with KT Submarine of Korea to build and deliver a powerful Triton® T800 Burial System.

The T800 is a powerful cable burial system having a three meter burial capability in soils up to 100 kPa and as well as an enhanced pipeline burial capability for pipelines up to 500mm diameter. The T800 incorporates much of the same technology as the larger Triton® T1000 however in a lighter and more compact package.

CONTRACT AWARDS

First major offshore Nigeria award for underwater contractor

Rons_ROV_Links writes:  Global underwater contractor Subsea 7 has won its first major contract offshore Nigeria.

The work, valued at around £32million, has been awarded by Addax Petroleum Exploration (Nigeria).

CONTRACT AWARDS

Stolt Offshore S.A. Announces $550 million contract win in deepwater Angola

Stolt Offshore S.A. (NasdaqNM: SOSA; Oslo Stock Exchange: STO) announced today the award of a contract from BP Angola for the Engineering, Procurement, fabrication, and installation of umbilicals risers and flowlines on the Block 18, Greater Plutonio field, offshore Angola.

The contract, worth $730 million in total, has been awarded to a consortium of Stolt Offshore and Technip, $550 million representing Stolt Offshore's share of the work.


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