Subsea7 wins contract for Belinda field development from Serica Energy

Subsea7 has been awarded a substantial contract valued between $50 million and $150 million by Serica Energy for the development of the Belinda field, located southeast of the Triton FPSO in the UK Central North Sea. This pivotal project is set to commence with immediate effect, emphasizing Subsea7’s expertise in the EPCI (Engineering, Procurement, Construction, and Installation) sector.

Belinda Project Specifications and Execution Timeline

The contract encompasses a wide range of responsibilities including project management, engineering, procurement, construction, and installation of a 5-kilometre 8” production pipeline coupled with a 3” piggy-backed gas lift line and an electro-hydraulic controls (EHC) umbilical. The initiative also involves subsea structures and tie-ins to the Triton FPSO, operated by Dana Petroleum, facilitating efficient energy production.

Steve Wisely, Senior Vice President of UK and Global Inspection, Repair and Maintenance at Subsea7, expressed his satisfaction with the project, stating, “We are pleased to have this opportunity to supply Serica Energy with EPCI knowledge and demonstrate the extensive North Sea expertise we have amassed over 50 years. We look forward to supporting the safe, efficient and timely execution of this project.”

Strategic Significance and Infrastructure Developments

Located about 190 kilometres east of Aberdeen, the Belinda field is operated by Serica Energy and plays a critical role in the company’s asset portfolio, especially following the final approval from the National Subsea Research Initiative (NSTA). The field’s development is planned as the fifth well in Serica’s Triton area drilling campaign, highlighting its strategic importance within the UK energy sector.

David Latin, Chairman and Interim CEO of Serica Energy, commented on the development, saying, “We are delighted to have received approval to develop Belinda. This will build on our strong track record of delivering growth and adding value through investment in our assets.” He also emphasized the potential for further developments and the crucial support of the UK government’s tax and licensing frameworks in fostering domestic energy production.

Industry Impact and Future Outlook

The Belinda field is expected to start production in the first quarter of 2026, with drilling commencing in the first half of 2025. It is anticipated to significantly bolster Serica’s production capacity and contribute to the UK’s energy independence. The project underscores Serica’s commitment to sustainable development and operational excellence in the North Sea, a key region for global oil and gas supply.

The Belinda field development is a testament to the industry’s shift towards maximizing output through efficient and environmentally responsible practices. By leveraging existing infrastructure and focusing on low-emission projects, Serica Energy not only enhances its operational efficiency but also aligns with broader environmental objectives, promising to strengthen its market position and drive long-term shareholder value amidst fluctuating global energy markets.

This comprehensive approach not only signifies a robust step forward for Serica Energy but also marks a significant advancement in enhancing the UK’s energy profile, contributing to both economic growth and sustainability in the energy sector.