Subsea7 scores three offshore contracts in Norway
Subsea7 has won three contracts from Aker BP in Norway, through the Aker BP Subsea Alliance (a partnership between Aker BP, Subsea7 and Aker Solutions).
The awarded contracts include one contract for the Yggdrasil field development project (formerly NOAKA) worth over 750 million USD, a contract for the Skarv Satellite Project, 300 and 500 million USD, and the Valhall PWP-Fenris project, worth between 150 and 300 million USD. Subsea7 will provide flowlines, and flexible lines, as well as perform the complete installation scope, while Aker Solutions will provide subsea production systems and umbilical cables.
Yggdrasil field development project
Located between Alvheim and Oseberg areas in the North Sea, which contain several oil and gas discoveries, this project involves multiple subsea tiebacks to the fixed platforms in the Yggdrasil greenfield development. The project will be managed out of Subsea7’s Aberdeen and Stavanger offices. Pipelines for the project will be manufactured at Subsea7’s spoolbase at Vigra, Norway while bundles will be manufactured at Wester, in Scotland. Offshore operations are expected to begin in 2024 and last till 2027.
Skarv Satellite project
Located in the northern part of the Norwegian Sea, this project consists of tying back Alve Nord, Idun Nord, and Ørn to the existing Skarv floating production storage and offloading (FPSO). The project will be managed out of Subsea7’s Stavanger office, while the pipe-in-pipe pipelines will be manufactured at Subsea7’s Vigra spoolbase. Offshore operations are expected to begin in 2023 and last till 2025.
Valhall PWP-Fenris project
Located in the southern North Sea, this project involves a tieback from the Fenris (formerly the King Lear conventional gas fields) unmanned installation to the Valhall production wellhead platform and re-routing of existing gas export and lift pipelines to a new platform. The project will be managed out of Subsea7’s Aberdeen and Stavanger offices. Pipelines for the project will be manufactured at Subsea7’s spoolbase at Vigra, while the bundle fabrication will take place at Subsea7’s site at Wester, Scotland. Offshore operations are expected to take place in 2024, 2026, as well as 2027.