UK-based engineering and construction company Subsea 7 has won a $170m contract from Statoil for the development of its Mariner oil filed in North Sea.
The value of the contract is about $170m, under which, the Subsea 7 will provide engineering, procurement, installation and construction (EPIC) of 39km of rigid flowlines and flexible riser systems, along with associated subsea structures, protection systems, and tie-ins.
Subsea 7 North Sea and Canada Sales & Marketing VP Thomas Sunde said the company will provide its full range of technology solutions for the development of Mariner field in North Sea.
"Subsea 7 looks forward to working closely with Statoil to successfully deliver our scope of work, with safety and quality at the forefront throughout," Sunde added.
The company will immediately begin project management and engineering work from its offices in Norway and UK, while offshore activities utilizing a variety of Subsea 7 vessels have been planned to begin in 2015 and completed in 2016.