LUXEMBOURG – Subsea 7 has issued an update on progress of its current offshore projects in its 3Q results statement.
The company installed the first of three pipeline bundles for Equinor’s Snorre extension project in the Norwegian North Sea.
In the Barents Sea, the pipelay vessel Seven Borealis installed 42 km (26 mi) of corrosion-resistant alloy pipe for Equinor’s Askeladd subsea development.
Elsewhere the company completed tie-ins and commissioning for BP’s Alligin project in the North Sea and completed the Burullus 9B project in the Egyptian sector of the Mediterranean Sea, with first gas achieved in October.
PUPP, a conventional project offshore Nigeria, is now virtually finished.
Offshore Taiwan, the heavy-lift vessel Seaway Yudin completed installation of foundations and transition modules for the Formosa 1 (Phase 2) wind farm project. Cable installation should follow in 2020.
Subsea 7 added that prices for its services had improved due to the steady increase in deepwater oil and gas activity, and demand for conventional services in the Middle East too remains strong.