Highlights of the Week

October 18, 2015

Subsea World News has put together a recap of the most interesting articles from the previous week (October 12– October 18).

Saipem has been awarded two new E&C offshore contracts cumulatively valued at more than EUR 600 million (USD 680 million).

The first EPCI contract, awarded by Saudi Aramco, involves the engineering, procurement, transportation and installation of offshore structures.

Saipem’s second contract was awarded by Eni for Block 15/06 – East Hub Development Project, located in Angola.

With the S182 design, Ulstein has introduce a new dynamically positioned multipurpose construction vessel suitable for shallow water operations.

Main design driver was to develop a very CAPEX friendly DP vessel with good capabilities to support various offshore operations, including cable lay and offshore construction, Ulstein said in a press release.

Subsea 7 has been awarded a sizeable contract by Pharaonic Petroleum Company S.A.E. for the development of the East Nile Delta Phase 3 Project (END-3).

The project scope includes installation engineering, procurement and fabrication of rigid spools, and installation of pipeline, umbilical and subsea structures to develop the resources from two wells including 8 kilometres of umbilicals and pipeline. The field development will be at depths of approximately 80 to 90 metres.

James Fisher and Sons announces the launch of James Fisher Subsea Excavation, the new trading name and brand of the MFE service provider worldwide.

The launch follows an exciting period of growth and development in James Fisher’s MFE business over the last 15 months that started with the combination of the assets and knowledge of KDM Marine with James Fisher’s HydroDigger fleet, as well as the assets of X-Subsea being acquired in May 2015, to deliver the current JFSE capability.

Ocean Installer has been awarded a Regional Framework Agreement with BP for subsea work in the Gulf of Mexico region.

The agreement covers subsea fabrication, transportation and installation of offshore facilities, as well as hook up and commissioning, and is valid for three years.

Specific work scopes will be carried out under individual call-off contracts, and accordingly no firm work is currently committed under the agreement.