Swedish engineering group Sandvik has signed a contract for the supply of stainless steel tubes required for 250 kilometers of umbilicals, linking a subsea development to an existing offshore platform.
Sandvik said on Tuesday that the contract value was approximately 700 million SEK (about $85.4 million) and that the delivery would take place from the end of 2017 and during the first half of 2018.
The company added that the parties agreed not to disclose the name of the project nor the customer at this point. The order was booked during the fourth quarter of 2017.
Michael Andersson , head of product area tube within Sandvik Materials Technology, said: “We are proud to have been selected as the umbilical tube supplier for this prestigious contract which confirms our position as the leading producer of steel tubes for umbilicals.”
Umbilical systems are connections used to transport energy, data, and liquids between oil and gas installations on the seafloor to offshore facilities or platforms.
Sandvik Materials Technology will also be supplying umbilical pipes for one of the largest offshore gas projects in the Mediterranean – the Leviathan . The order, announced back in April, was valued at about 44 million U.S. dollars with deliveries scheduled for 2017.