Statoil signs £51m deal with Subsea 7

Statoil have signed a contract with seabed-to-surface engineering firm Subsea 7 worth £51 million for the transport and installation of a platform at the Svalin C Field, in the North […]

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By Tom Gibson

Statoil have signed a contract with seabed-to-surface engineering firm Subsea 7 worth £51 million for the transport and installation of a platform at the Svalin C Field, in the North Sea.

The deal also includes the building of a 6km gas flowline. Operations are due to begin next year.

Stuart Fitzgerald, Subsea 7’s Vice President for Norway said: “This is an important project for Subsea 7, incorporating pipe in pipe technology and demonstrating our expertise in delivery of complex projects to the highest standards.”