Subsea 7 awarded EPIC contract for Total's K5CU project


    NETHERLANDS — Subsea engineering and construction company Subsea 7 Inc. (OSE: SUB) has been awarded an engineering, procurement, installation and commissioning (EPIC) contract by Total E&P Nederland B.V. for the flowlines and subsea works on the K5CU Development Project in the Dutch sector of the North Sea. The contract is valued at over US$26 million.

    The Subsea 7 work scope is to engineer, procure, install and commission 15 kilometers (9.3 miles) of 10-inch gas and three-inch di-ethylene glycol (DEG) pipeline, connecting the new unmanned K5CU satellite platform with the existing K5A riser platform. In addition, Subsea 7 will install a caisson riser system at the K5A platform and complete pre-commissioning activities topside to topside from K5CU to K5A.

    Work will commence with engineering in the second quarter of  2009, followed by fabrication of the rigid pipelines at Subsea 7’s North Sea Spoolbase at Vigra, Norway, concluding with offshore installation during the summer of 2010 using Subsea 7 in-house pipelay and construction vessels.

    The K5CU field is in the K5-B area of the Dutch sector of the North Sea. The K5-B production license covers around 204 square kilometers (79 sq miles).


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