Northern Ireland-based Harland & Wolff has inked a five-year master services agreement with what it says is a global oil services company for the fabrication of subsea structures.
The work will take place at the Arnish yard situated on the Isle of Lewis.
Harland & Wolff received its first purchase order under the agreement, which will see the fabrication of six subsea structures with a contract value of approximately £3 million (around $3,8 million).
The construction of these structures is to take place over the next 18 months at the company’s Arnish site, following a staged delivery plan. The anticipated completion date for the project is in 2025.
The company said that these specialized structures are components of oil and gas platforms and the surrounding infrastructure. Each structure is engineered to endure pressures up to 430 bar (6235 psi).
“This contract marks a significant step for Harland & Wolff, and builds on the highly technical work the yard has already undertaken on suction anchors, piles and the work it is currently performing for the SeaRose FPSO (Floating Production Storage and Offloading platform),” said John Wood , CEO of Harland & Wolff Group Holdings.
“These specialised subsea structures are a new product area for us and we expect that successful delivery of this contract will open up significant opportunities for additional contracts in subsea infrastructure in the future.”
Speaking about other recent news coming from the company, Harland & Wolff secured a £61 million contract in October 2023 with Canadian oil and natural gas company Cenovus Energy for the mid-life upgrade of a floating production storage and offloading (FPSO) vessel.