Subsea 7 Awarded Subsea Work Off Australia

Posted by Eric Haun

Subsea 7 S.A. said it has been awarded a "sizeable" contract by
Cooper Energy Ltd for the Sole Development Project, offshore
Australia.

Subsea 7 defines a sizeable contract as being between $50 million
and $150 million.

The Sole gas field is located in the eastern part of the
Gippsland Basin, approximately 40km offshore Victoria, Australia.
The contract scope consists of the subsea tie-back of the Sole
well to the Orbost Gas Plant, including the fabrication and
installation of 64km of pipeline, spool and manifold, along with
installation of a 64km umbilical and the commissioning of the
system.

Project management and engineering will commence immediately from
Subsea 7's office in Perth, Australia, with offshore operations
scheduled to commence in 2018. The material offshore operations
are subject to the Sole Development Project final investment
decision which is anticipated soon.

Andy Woolgar, Subsea 7's Managing Director, Australia and New
Zealand, said the company has substantial experience of
delivering projects in the Gippsland Basin over the last 40
years, including work in pipeline fabrication and offshore
installation.

Mar 6, 2017

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