LUXEMBOURG – Premier Oil has awarded Subsea 7 (Oslo Børs: SUBC) a $460-million contract for the Catcher Area development in UK central North Sea block 28/9.
This is Subsea 7’s largest UK EPIC services contract win to date. The company will provide project management, engineering, procurement, construction, fabrication, and installation of Catcher’s subseafacilities.
Subsea 7’s office in Aberdeen will manage the program, with fabrication performed at the company’s Wick and Leith facilities in Scotland. Various vessels will be deployed for next year’s offshore activities.