Luxembourg - 1 September 2015 - Subsea 7 S.A. (Oslo
Børs: SUBC, ADR: SUBCY) today announced the award
of a subsea, umbilical, riser and flowline (SURF)
contract by Maersk Oil with a value in excess of
USD 150 million for the Culzean development. The
ultra-high pressure, high temperature field, one of
the largest gas discoveries offshore UK, is located
in Block 22/25 of the Central North Sea at a water
depth of approximately 90 metres.
The contract scope includes project management,
engineering, procurement, construction and
installation of a 22" diameter 52 km gas export
pipeline connected to the Central Area Transmission
System (CATS), and a 3.6 km pipe-in-pipe (10" outer
pipe and 6" inner pipe) providing insulation for
the transportation of the condensate to the in-
field Floating, Storage and Offloading facility
(FSO). The pipe-in-pipe will be laid with a 4"
piggy-back line that will transport fuel gas to the
FSO. Subsea 7 will also provide subsea structures,
tie-ins to the Culzean platform facilities and pre-
commissioning expertise.
Project management and engineering work will
commence immediately from Subsea 7's Aberdeen
office. Offshore activities will utilise a number
of Subsea 7 vessels including the highly versatile
pipelay and heavy-lift vessel, Seven Borealis.
Offshore operations are scheduled to commence in
2017.
Phil Simons, Vice President UK and Canada,
said: "This large project awarded by Maersk Oil for
their Culzean field development, confirms our
reputation as a world-class provider of reliable
and cost-effective SURF solutions. The Seven
Borealis has the ability to deliver fit-for-purpose
performance demonstrating the optimum balance of
cost-efficiency and capability. We look forward to
collaborating with Maersk to ensure the safe and
timely delivery of this significant gas production
development."
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Subsea 7 S.A. is a leading global contractor in
seabed-to-surface engineering, construction and
services to the offshore energy industry. We
provide technical solutions to enable the delivery
of complex projects in all water depths and
challenging environments.
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Contact for investment community enquiries:
Isabel Green
Investor Relations Director
Tel +44 (0)20 8210 5568
isabel.green@subsea7.com
www.subsea7.com
Contact for media enquiries:
Michelle Wainwright
Communications Manager, UK & Canada
Tel +44 1224 526570
Mobile +44 (0)7876778370
michelle.wainwright@subsea7.com
www.subsea7.com
