Subsea 7 awarded Blind Faith installation contract

Subsea 7 says it has been awarded a contract from Chevron for subsea installation work on the Blind Faith project, worth approximately $28 million.

Offshore staff

(US, GoM) - Subsea 7 says it has been awarded a contract from Chevron for subsea installation work on the Blind Faith project, worth approximately $28 million.

The contract calls for installation of the Blind Faith in-field flowlines including associated pipeline end terminations and pre-layed steel catenary risers.

The Blind Faith development consists of a production drill centre located in Mississippi Canyon block 696 in approximately 6,950 ft of water, tied back via two insulated flowlines to a semisubmersible host facility planned for installation in Mississippi Canyon block 650.

The offshore installation campaign is scheduled for mid to late 2007. Subsea 7 has nominated its newbuild pipelay vessel for the work, which is currently under construction at a shipyard in the Netherlands.

"We are pleased to be selected by Chevron for this project further enhancing Subsea 7's reputation as a full service deepwater contractor," said Craig Broussard, VP of GoM, Subsea 7.

"This challenging project is the first award for the newbuild vessel and highlights the way forward for the ambitions of Subsea 7. In addition, the provision of the new vessel for the second half of 2007 reinforces Subsea 7's commitment to providing state of the art assets for our deepwater clients in the GoM."

02/15/06

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