West of Shetland Activities Lead to $100m Contract for Subsea 7

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ECONOMY…
Global company Subsea 7 has won a $100 million maintenance and inspection contract from oil giant BP.

The company which employs 1200 people at its UK base in Aberdeen was awarded the 30 month contract as a result of BP’s deepwater activities off the west coast of Shetland.

The contract will see the company manage engineering projects and provide remotely operated vehicle services for offshore inspection, maintenance and repair activities of oil & gas pipeline and platform structures.

News of the new contract follows an earlier announcement by Subsea 7 of a $250 million contract to lay pipelines for the Laggan-Tormore deepwater gas field west of Shetland.

The offshore activities will be carried out by Subsea 7’s specialist pipeline installation and construction vessel, the Subsea Viking (pictured).  The Subsea Viking has worked on the Gulf of Mexico, the west coast of U.S, west of Shetland and of course in the North Sea.

Steph McNeill, UK vice president, said: “We have been working with BP in the North Sea for many years. We are pleased that following this contract award, we will be able to continue providing them with best-in-class project management, engineering expertise and dedicated offshore support. 

“The new contract also reflects upon our proven track record of successful and safe project execution – during which the Subsea Viking vessel has built up in excess of nine year’s service without any lost time incidents.”

The new $100 million contract has extension options and replaces an existing contract that was due to run out in December 2011.