Subsea 7 wins Shetland area subsea contract extension

BP (NYSE:BP) has extended its contract with Subsea 7 for subsea construction, inspection, repair and maintenance services for the Foinaven and Schiehallion fields, 175 km (109 mi) west of Shetland.

Offshore staff

ABERDEEN, UK -- BP (NYSE:BP) has extended its contract with Subsea 7 for subsea construction, inspection, repair and maintenance services for the Foinaven and Schiehallion fields, 175 km (109 mi) west of Shetland.

The extension is valued at around $300 million and runs from 2013 through 2017.

Subsea 7’s multi-purpose vessel, Subsea Viking will provide support services to both fields which are within 15 km (9 mi) of each other, in water depths of 350-450 m (1,148-1,476 ft.).

10/12/2012

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