BP hires Subsea 7 for Valhall work

STAVANGER, NORWAY: Subsea 7 Inc. (OSE: SUB) has been awarded a contract from BP Norway for engineering, procurement, installation and commissioning (EPIC) of the Valhall flank gas lift pipelines and wellhead platform riser caisson project in the Norwegian sector of the North Sea.

The contract has an approximate value of US$40 million.The scope of work involves engineering, procurement and fabrication of subsea and platform components, installation of two eight-inch diameter pipelines, one 3.7 miles (6 km) long and the other 4.3 miles (7 km) long, and one new caisson on the wellhead platform and subsea tie-in spools at the Valhall Flank South and Valhall Flank North platform locations.The project management and engineering will be performed at Subsea 7’s offices in Stavanger, Norway. The offshore operations are due to take place in two campaigns commencing in the summer of 2010.

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