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Subsea 7 to install 10km pipeline bundle in North Sea

27th February 2013

Subsea 7 lands pipeline technology deal with Canada-China joint venture aiming to increase output and life of aging fields

Subsea 7 to install 10km pipeline bundle in North Sea
The pipeline bundle system will tie back the Cayley production wells to the new Bridge Linked Platform (BLP) at the Montrose platform

Subsea 7 will install a 10 km pipeline bundle in the North Sea for a Canadian-Chinese joint venture, as part of a USD 2.42m oil plan to increase production and extend the life of several mature fields.

Under the USD 285m contract, the subsea engineering and construction company will install two 5 km pipeline bundles for Talisman Sinopec Energy UK Limited, a Canadian-Chinese North Sea joint venture between Talisman and Sinopec.

The pipeline bundle system will tie back the Cayley production wells to the new Bridge Linked Platform (BLP) at the Montrose platform. The contract also includes the construction and installation of a 17.5 km production pipeline, water injection and gas lift pipelines as well as the control umbilical to tie back the Shaw field to the BLP, Subsea 7 said.

Talisman Sinopec Energy UK Limited was created late last year to improve “the integrity and performance of our [North Sea] assets,” Geoff Holmes, chief executive of the joint venture said at the time.

The Canadian energy firm in October announced the approval of a USD 2.42m plan called the MonArb Area Redevelopment (MAR) project to increase production and extend the life of oil fields in the North Sea. The project will reap an additional 100 million barrels of oil from the existing Montrose, Arbroath, Brechin, Arkwright, Carnoustie and Wood fields.

China has been diving into North Sea waters of late. CNOOC’s acquisition of Canadian energy firm Nexen will earn the company the highest stake in the Buzzard field near Aberdeen, the UK’s largest producing oil field.

 

 

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