Chevon Corporation affiliate awards offshore contract to Subsea 7 S.A.

Details

Published on Thursday, 16 August 2012 09:57

Written by Roberta Murray

The EPIC SURF contract is for the development of the Lianzi field offshore Congo and Angola.

Subsea 7 S.A. (PINK:SUBCY) announced today the award of an EPIC SURF contract valued at approximately $600 million from Chevron Overseas Congo Ltd, an affiliate of Chevron Corporation (NYSE:CVX), for the development of the Lianzi field offshore Congo and Angola.

The technical specifications include a 12" wet insulated production flow-line with direct electrical heating, which would set a record for the deepest electrically heated pipe.

The project will maximize the use of local personnel and resources in Congo and Angola. A significant part of the design and fabrication will be executed in Luanda, with additional fabrication work carried out in Lobito by Subsea 7’s Angolan joint venture.

All flow-lines will be spooled to the rigid reel-lay ship the Seven Oceans at Subsea 7’s Luanda base in Angola.

Angolan and Congolese personnel will join the offshore construction teams during the offshore phase which is scheduled for the second half of 2014.

Olivier Carre, Senior Vice President for Subsea 7’s Africa and Gulf of Mexico Territory, said: "We are very pleased to be awarded this EPIC contract including the design and procurement of the subsea facilities which fits perfectly with Subsea 7’s capacity to deliver large scale projects."

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