Proserv has secured a contract with Repsol, worth over USD 5.5 million, to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea.
The award scope initially covers the refurbishment and upgrade of the existing subsea control system.
Henrik Johnson , region president for Scandinavia at Proserv, said: “This is a significant award win for the team that clearly demonstrates the strength of our relationship with Repsol and our ability to deliver robust technology solutions and services on time and to the very highest standards.
“We are starting to see strong uptake for our Augmented Control Technologies (ACT) approach which helps clients optimize their subsea production in a more cost-effective way. Working in close cooperation with our clients enables us to use the most appropriate technology together with our dedicated engineering and service teams to optimize the performance of a producing asset over its entire life. ”
As part of the workscope, Proserv will engineer, manufacture and supply all associated topside and subsea equipment.
The refurbishment and servicing of the subsea control modules and the manufacturing of the subsea electronics modules and master control station will be delivered by the company’s subsea controls experts in Trondheim and Stavanger, Norway.
The recoverable oil reserves for the field are estimated at approximately 65 million barrels at 10 year’s total production with first oil planned for the first half of 2020.
The project will be delivered over a two year period in line with key project milestones.