EPIC Contracts News
Technip has been awarded a substantial (1) EPIC (2) lump sum contract by BP Trinidad and Tobago LLC for the development of the Juniper project, to be located off the South East coast of Trinidad.
Technip was awarded by Qatar Petroleum an engineering, procurement, installation and commissioning contract for a strategically important* Offshore Project comprising a living quarter platform and an utility platform, with a bridge connecting the two platforms. The project location is within QP offshore facilities.
Subsea 7 S.A. (Oslo Børs: SUBC) today announced a contract award by Stone Energy valued in excess of US$70 million for the development of the Cardona field in the U.S. Gulf of Mexico.
Subsea 7 S.A. (Oslo Børs: SUBC, the Company) today announced an increase in the estimated full-life project loss on the Guará-Lula NE project, offshore Brazil. As a result, the Company no longer expects full year Adjusted EBITDA to show progress compared to 2012.
Technip was awarded a substantial(1) lump-sum contract by Exxon Mobil Corporation for the development of the Julia field. This field is located in the Walker Ridge area of the Gulf of Mexico, at a water depth of approximately 2,100 meters (7,200 feet).
Subsea 7 S.A. (Oslo Børs: SUBC) today announced the award of a contract valued at approximately US$170 million from Statoil for the Mariner field, located in the UK sector of the North Sea.
Petrofac has been awarded an engineering, procurement, installation and commissioning (EPIC) contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for Satah Al Razboot (SARB) package 3 project, offshore Abu Dhabi. The US$500 million competitively tendered contract will commence shortly and will be delivered by April 2016.
Subsea 7 S.A. (Oslo Børs: SUBC) today announced the award of a contract valued at approximately US$380 million from Statoil for the Aasta Hansteen gas field, located west of Bodø in the northern part of the Norwegian Sea.
Subsea 7 S.A. (Oslo Børs: SUBC) today announced the award of a contract from Talisman Sinopec Energy UK Limited to install two 5 kilometre pipeline bundles. The contract, valued at US$285 million is for the provision of subsea construction services in support of Talisman Sinopec Energy UK’s Montrose Area Redevelopment Project.
Subsea 7 S.A. (Oslo Børs: SUBC) today announced the award of a contract from Esso Exploration and Production Nigeria Ltd for the development of the Erha North field, located offshore Nigeria in water depths between 1,000 metres and 1,200 metres. The contract was awarded to a consortium of West African Ventures Ltd and Subsea 7’s Nigerian subsidiary.