Core Project phase 1 in North Sea : Subsea 7 wins EPCI contract from IOG

TAGS

Subsea 7 has bagged an engineering, procurement, construction, and installation (EPCI) contract from Independent Oil and Gas (IOG) for the Blythe and Vulcan Satellites field development – which is the phase 1 of the in the UK North Sea.

The scope of the contract covers the project management, engineering, procurement, construction, and installation of 35km of flow lines to be laid between the Southwark, Blythe, and Elgood fields in the UK Southern North Sea. Besides, will be responsible for delivering subsea structures, an umbilical, and associated subsea tie-ins under the contract valued between $50 million and $150 million.

See also  Warehouse REIT divests industrial properties for £13.4m

The UK-based subsea engineering, construction, and services company has started project management and detailed engineering at its office in Aberdeen. Subsea 7 said that offshore activities are slated to begin later this year.

Subsea 7 wins EPCI contract from IOG for the Core Project phase 1 in North Sea

Subsea 7 wins EPCI contract from IOG for the Core Project phase 1 in North Sea. Photo courtesy of SUBSEA 7.

Subsea 7 Vice President UK & Canada, said: “We are pleased to be awarded this contract, which strengthens our reputation as a global provider of value-driven SURF solutions. We look forward to collaborating with IOG to ensure the cost-effective, safe and timely execution of each phase of the development.”

See also  Sify to power Indian data center portfolio with over 200MW renewable energy

IOG is the operator of the Southwark, Blythe, and Elgood fields with a 50% stake and is partnered by .

Phase 1 of the Core Project will be developed through the drilling of a total of five wells from which gas will be transported onshore through the Thames Pipeline.

Andrew Hockey – CEO of IOG said: “We are pleased to be working with Subsea 7, a globally recognised leader in offshore energy services, for the SURF scope of Phase 1 of our core UK SNS gas development. They will be an important contractor for IOG in ensuring safe and efficient Phase 1 execution, which includes the offshore pipelay campaign being prepared for the second half of this year.

See also  IBM report unveils secret AI strategies propelling top companies to unprecedented success

“We have already been working with Subsea 7 for several months under a pre-contractual arrangement and with the contract now finalised we look forward to further developing our constructive relationship.”


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This