Highlights of the Week

Subsea World News has put together a recap of the most interesting articles from the previous week (May 30 – June 05).

Technip has been awarded a “major” contract to develop the Bahr Essalam Phase II development in the Central Mediterranean Sea.

For Technip, a “major” subsea contract is ranging from €500 million to €1 billion, the company noted. Technip’s scope of work includes the overall design, detailed engineering and delivery of the project management, as well as procurement, installation, tie-ins, pre-commissioning and commissioning.

Subsea 7 informed about the early termination of the day-rate contract for its pipelay support vessel (PLSV), Seven Mar, working for Petrobras, offshore Brazil.

According to the company, the termination is effective May 31, 2016. The contract was due to expire at the end of 2016, and as a result Subsea 7 said its backlog has reduced by approximately USD 47 million.

DOF Subsea has been awarded several ROV and diving contracts for the vessel Skandi Achiever in the North Sea and the North America region, securing utilization of the vessel until end-October 2016.

Following completion of ongoing commitments in the North Sea, the vessel will mobilize to Canada for ROV and light construction activities. In Brazil, Petrobras has awarded a new contract for the vessel Skandi Vitória securing utilization for the remainder of 2016.

GE Oil & Gas has been awarded a surface wellhead & christmas tree equipment and services contract by the Norwegian oil and gas company Statoil for its Johan Sverdrup project in the North Sea.

With the new multi-year agreement, GE Oil & Gas will manufacture, deliver and install its standardized surface wellhead and christmas tree systems at multiple wells that make up part of the field.

Bibby Offshore is moving into the offshore wind array cable installation market with the acquisition of a power cable lay carousel from Ecosse Subsea Systems (ESS).

Bibby Offshore and ESS have also entered into strategic alliance by way of a framework agreement. Under this strategic alliance, Bibby Offshore will provide commercial expertise supported by subsea project management and engineering experience, while ESS will provide innovation and in depth sector competence through its trenching expertise.