Dual coup for Subsea 7

Subsea 7 has clinched a $270 million EPIC order for subsea systems associated with ChevronTexaco's Lobito and Tamboco project in 4,600 m of water in Angola block 14.

Subsea 7 has clinched a $270 million EPIC order for subsea systems associated with ChevronTexaco's Lobito and Tamboco project in 4,600 m of water in Angola block 14. The work scope involves tying back three subsea well centers positioned 10 km from the new Benguela-Belize compliant production tower. Subsea 7 will fabricate and install rigid pipelines, flowline jumpers, connectors, and umbilicals and will also install manifolds and distribution modules.

The steel flowlines are being fabricated at a new spool base in Luanda. A number of Angolan companies will also be involved in a subcontract role. Installations will take place in 2006 using the multi-purpose lay vesselSkandi Navica. Houston will provide engineering and project support. For the same project, Socotherm and Tenaris are providing pipe coating and thermal insulation for 124 km of seamless pipes manufactured in Dalmine, Italy. The protection scope includes dual-layer fusion bonded epoxy (Powderkote), three-layer polypropylene (Plastykote), and five-layer polypropylene (Wetsykote)

West of the Shetlands, Subsea 7 has also won a $20-million contract from BP to furnish its subsea needs in 2005 for the Foinaven, Loyal, and Schiehallion fields. The support vesselSubsea Viking will operate during April to September. The contractor has worked with BP on these fields since start-up in the mid-1990s.

11/16/04

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