Deals this week: Subsea 7, Vallourec, Statoil
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Deals this week: Subsea 7, Vallourec, Statoil

13 Apr 2018

Subsea 7 was awarded a contract by Mobil Producing Nigeria (MPN) for the Production Uplift Pipeline Projects (PUPP) in shallow waters off the coast of Nigeria.

Subsea 7 was awarded a contract by Mobil Producing Nigeria (MPN) for the Production Uplift Pipeline Projects (PUPP) in shallow waters off the coast of Nigeria.

The scope of work includes engineering, construction, transportation, installation and pre-commissioning of 20km of the Corrosion Resistant Alloy (CRA) pipeline between the Idoho Platform and the onshore terminal, and related topside modifications.

The contract value is estimated to be between $150m and $300m.

Based in the UK, Subsea 7 is a subsea engineering, construction and services company, while Mobil Producing Nigeria is an oil producer in Nigeria and a subsidiary of ExxonMobil.

Subsea 7 has concurrently acquired Siem Offshore Contractors and two vessels from the Siem Offshore Group.

The two vessels purchased were the inter-array cable lay vessel Siem Aimery and the support vessel Siem Moxie.

Siem Offshore Contractors will operate as a subsidiary of the Subsea 7 Group, following the transaction.

French tubular solutions specialist Vallourec has signed new contracts to supply products and services to Petrobras.

“French tubular solutions specialist Vallourec has signed new contracts to supply products and services to Petrobras.”

The contractual scope includes a supply of oil country tubular goods products, as well as premium steel grades and connections.

Based in Brazil, Petrobras operates in the oil, natural gas and energy industries.

Statoil and Total have completed the acquisition of 60%-operated interest in the North Platte discovery from Cobalt International Energy for $339m. The transaction is effective from January this year.

North Platte is a Paleogene oil discovery comprising four blocks in the Garden Banks area in the Gulf of Mexico, US.

Total will own 60% operatorship interest in the field, while Statoil will own a 40% non-operated interest, following the transaction.

C-Innovation was awarded a three-year contract by BP Exploration & Production (BP).

The contractual scope includes the provision of subsea construction, inspection, maintenance and repair (IMR) and logistics services in the Gulf of Mexico.

Based in the US, C-Innovation is a unit of Edison Chouest Offshore, a marine transportation services provider.

The deal will integrate ECO’s multi-purpose platform supply and well intervention vessels with C-I’s ROV, project management and engineering services.