Subsea 7 lands US$40 million Valhall project work from BP

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    Valhall Project

    STAVANGER, NORWAY: Subsea 7 Inc. (OSE: SUB) has been awarded a contract from BP Norway for engineering, procurement, installation and commissioning (EPIC) of the Valhall flank gas lift pipelines and wellhead platform riser caisson project in the Norwegian sector of the North Sea. The contract has an approximate value of US$40 million.

    The scope of work involves engineering, procurement and fabrication of subsea and platform components, installation of two eight-inch diameter pipelines, one 3.7 miles (6 km) long and the other 4.3 miles (7 km) long, and one new caisson on the wellhead platform and subsea tie-in spools at the Valhall Flank South and Valhall Flank North platform locations.The project management and engineering will be performed at Subsea 7’s offices in Stavanger, Norway. The offshore operations are due to take place in two campaigns commencing in the summer of 2010.

    Subsea 7’s Norway Vice President Tor Espedal said, “The contract builds upon Subsea 7’s successful partnership with BP on the Skarv and Valhall redevelopment projects.”

    The Valhall field located 180 miles (290 km) off the southwest coast of Norway in 230 feet (70 m) of water. The Valhall complex consists today of seven separate platforms, five in the center and two flank installations.

    www.energycurrent.com

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