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Subsea 7 S.A. awarded $240 million contract extensions offshore UK
March 2, 2015 + + + Subsea 7 S.A. today announced it has been awarded a
two-year extension to two Underwater Services Contracts by Shell Upstream
International
Europe, worth approximately US$240 million.
Under these Life of
Field contract extensions for Diving Support Vessel (DSV) and Remotely
Operated Vehicle Support Vessel (ROVSV) services, both of which will
commence in 2016, Subsea 7 will continue to provide subsea
construction, inspection, repair, maintenance and decommissioning services
to Shell's UK offshore fields and facilities.
The DSV contract will
be delivered on a 24 hour, year-round basis through to the third quarter
2018. The ROVSV contract will cover a minimum of 100 vessel days per year
and continue through to the second quarter of 2018. Subsea 7's North
Sea fleet, including the Seven Atlantic for the DSV workscope, will
undertake the work under the USCs.
Associated project management
and engineering support for the USCs will be executed from Shell's and
Subsea 7's offices in Aberdeen.
Phil Simons, Subsea 7 Vice
President UK and Canada, said: "We are proud to have received these
contract extensions. An award of this importance recognises our strong
track record in providing Life of Field expertise and high quality
vessels and safe and efficient operations to Shell since our support of
their subsea operations began in 1984."
Source: Carol Reed,
Subsea 7 S.A
www.subsea7.com
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