Independent Oil and Gas (IOG) has awarded a “sizeable” contract to Subsea 7 for its flagship development in the UK North Sea.
The head of Umbilicals International (UI), which is part of Seanamic Group, hopes the recent opening of a new flagship facility in Texas will help its efforts to land fresh contracts in the North Sea.
Subsea 7 was giving little away with an announcement that it had been awarded a major offshore contract worth up to $750million, but declined to give details.
Oil services company, Subsea 7 saw income dip for the first quarter 2016 as the reduction in SURF (subsea, umbilical, riser and flowline) project activity worldwide continues to bite.
Subsea 7 is to downsize its Aberdeenshire office as it looks to streamline costs during the oil price decline. The company, which announced it would be making headcount reductions earlier this year, said it would “optimise” its other buildings. Subsea 7 currently has its east and west complex as well as its workshop and sports centre based in Westhill.
SURF contractor Ceona has christened its flagship deepwater field vessels after successful sea trials. Ship building specialist Lloyd Werft delivered the Ceona Amazon to Bremerhaven, where it was christened. The device was built to perform in multiple pipelay and operational modes and features large storage capacity and heavy subsea construction.