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    Subsea 7 awarded Skinfaks/Rimfaks contract

    Projects and Operations // August 19, 2005

    Subsea 7 has announced that it has been awarded a contract award by Statoil ASA for the Skinfaks/Rimfaks development, located 190km west/north west of Bergen in water depths of around 140m. Contract is valued in the region of US$29 million.  

    The scope of work for this project includes the engineering, fabrication and installation of two parallel 12km, 10in flowlines and a 4.5km 8in flowline.  Also included in the scope is the fabrication and installation of pipeline end manifolds and pre-commissioning activities.
    The contract, which commences immediately, will run through to the third quarter of next year.  Subsea 7ís pipelay vessel, Skandi Navica will be utilised for the pipelay work. 

    Subsea 7 has also recently been chosen as one of BP Exploration Operating Company Limitedís federal contractors for their subsea construction, inspection, repair and maintenance (SCIRM) work for the next three years with the opportunity to extend this for up to a further two years. 

    BP estimates that they will spend in the region of US $150-200 million per annum for the next three years on subsea support of its North Sea operations. 

    All of BPís UK Continental Shelf subsea infrastructure, comprising 3,500km of pipelines, subsea infrastructure associated with two FPSOís (floating production storage and offloading units) 85 offshore platforms and 120 subsea wells, as well as their Norwegian and Dutch assets, will be covered under this contract. 

    The principal focus for Subsea 7 is construction within BPís West of Shetland assets but also includes elements of inspection, repair and maintenance of these assets. Subsea 7 shall also compete for new construction activity in the North Sea as it arises.

    Subsea 7 will provide suitable vessels from its fleet of dynamically positioned ships to BP for their work programmes.


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