Subsea 7, the London-headquartered seabed-to-surface construction company, said it had won a USD150 million contract from Maersk Oil, part of the AP Moller-Maersk group in Copenhagen.
The work entails a subsea, umbilical, riser, and flowline (SURF) for the Culzean development. “The ultra-high pressure, high-temperature field – one of the largest gas discoveries offshore United Kingdom – is located in Block 22/25 of the Central North Sea at a water depth of approximately 90 m,” Subsea 7 said in a statement, adding that the work is scheduled to start in 2017.
“The contract scope includes project management, engineering, procurement, construction, and installation of a 22-inch diameter 52 km gas export pipeline connected to the Central Area Transmission System, and a 3.6 km pipe-in-pipe [10-inch outer pipe and 6-inch inner pipe] providing insulation for the transportation of the condensate to the in-field floating, storage, and offloading facility.”
Subsea 7 said on 30 July that the fundamental long-term outlook for deepwater subsea field developments remained intact, despite the current challenges facing the industry as a result of the lower oil price.