Subsea 7 has been awarded a substantial contract by Statoil for the Snorre Expansion Project, located in the Tampen area, 150 km west of Florø in Norway.
According to Subsea 7, a substantial contract is worth between USD 150 million and USD 300 million.
The engineering, procurement, construction and installation (EPCI) contract will see Subsea 7 provide pipeline bundle technology, which contains all flowlines and control umbilicals necessary for operation.
The project features three pipeline bundles: West, East and North, the company informed.
Production of the pipeline bundle system will take place at Subsea 7’s fabrication facilities at Wick, Scotland, while project management and engineering will start immediately at Subsea 7’s offices in Stavanger, Norway and Aberdeen, Scotland.
Offshore operations are planned to take place in 2019 and 2020.
Phil Simons , Subsea 7’s vice president North Sea and Canada, said, “Subsea 7 looks forward to working closely with Statoil to safely and successfully deliver our work scope on the Snorre project. This award demonstrates the versatility and economic benefit Subsea 7 can offer through its unique pipeline bundle technology, where all service lines are integrated in a single product and installed using our controlled depth tow method.”