Shell awards $US110 million contract to Subsea 7

NORWEGIAN engineering contractor Subsea 7 has been awarded a lump sum $US110 million ($A121 million) contract by Shell for the installation of jumpers, umbilicals and associated subsea structures.
Shell awards $US110 million contract to Subsea 7 Shell awards $US110 million contract to Subsea 7 Shell awards $US110 million contract to Subsea 7 Shell awards $US110 million contract to Subsea 7 Shell awards $US110 million contract to Subsea 7

The contract is for Shell's BC-10 phase three project in the Campos Basin, offshore Brazil.

Project management and engineering duties to be performed by Subsea 7 as part of the deal are to begin shortly, with the offshore campaign, using the construction/flexlay vessel Skandi Neptune, starting in the third quarter of 2015.

The project is scheduled to last two years.

Subsea 7 has worked with Shell previously on the BC-10 phase one development, as well as the Bijupirá-Salema project in Brazil.

The BC-10 development lies in around 1780m of water and is expected to have peak production of 28,000 barrels of oil equivalent per day once online.

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