Global contractor Subsea 7 received a Letter of Intent from the Petroleum Oil and Gas Corp. of South Africa (PetroSA) for a contract for the design, supply and installation of umbilicals, protection structures and spoolpieces as part of the South Coast Gas Development in Mossel Bay, South Africa. The contract is valued in the region of $115 million.
(South Africa)-Global contractor Subsea 7 received a Letter of Intent from the Petroleum Oil and Gas Corp. of South Africa (PetroSA) for a contract for the design, supply and installation of umbilicals, protection structures and spoolpieces as part of the South Coast Gas Development in Mossel Bay, South Africa. The contract is valued in the region of $115 million.
The EPIC contract will commence in October. The approximate total length of umbilicals is 105 km, which includes one of the world's longest subsea umbilicals at 53 km. The offshore phase will take place in Q4 2006/Q1 2007 in water depths of approximately 125 m. Subsea 7 will utilize two of its construction vessels for the installation works.
Subsea 7's Vice President for West Africa, Jan Willem van der Graaf, commented, "This award is very important for Subsea 7 as it is the first major project we have been awarded in South Africa. We welcome the opportunity to procure, transport and install one of the world's longest subsea umbilicals and feel that this contract further strengthens our position as a leading subsea contractor in Africa."
