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Subsea 7 Announces Nigerian Contract

Source: www.gulfoilandgas.com 6/6/2006, Location: Africa

Subsea 7 Inc announced an award of a subcontract from Technip for installation work in the Nigerian Agbami field operated by Star Deep Water Petroleum Limited (an affiliate of Chevron Corporation) on behalf of its partners Texaco Nigeria Outer Shelf Inc., Petroleo Brasileiro Nigeria Limited, Statoil Nigeria Limited, Famfa Oil Limited, and the Nigerian National Petroleum Corporation (NNPC).

The subcontract, valued in the region of US$ 60M, is for the installation and testing of 15 infield umbilicals, totalling approximately 26 km, manufactured by Technip’s subsidiary, Duco Limited The installation and testing will also involve 12 support suction piles and associated manifolds, the installation of 26 steel tube flying leads and the pre-installation of 52 electrical flying leads. Subsea 7 will perform the work in late 2007. The Agbami field is located offshore in approximately 1,500m water depth and about 70 kilometres offshore of the central area of the Niger Delta, Nigeria.

Subsea 7’s Vice-President – West Africa, Jan Willem van der Graaf, commented, “We look forward to continuing our successful working relationships in Nigeria and to collaborating with Technip on this challenging installation project for Star Deep Water Petroleum Limited”.

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