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February 15, 2015

Subsea 7 wins contract for Persephone project in Australia

Subsea 7 has won a contract from Woodside Energy to work on the Persephone project, offshore Australia.

Subsea 7 has won a contract from Woodside Energy to work on the Persephone project, offshore Australia.

The project is expected to cost A$1.2bn and will involve a two well, 7km subsea tieback from the Persephone field to the existing North Rankin Complex.

Under the contract, Subsea 7 will provide fabrication, transportation, installation and pre-commissioning activities within the principal scope of work.

"Subsea 7 will carry out offshore activities using its Seven Eagle diving construction vessel."

The deal also includes further deconstruction and pipeline suspension work in the Echo Yodel Field at the Goodwyn Alpha Platform.

Subsea 7 will carry out offshore activities using its Seven Eagle diving construction vessel.

The company will immediately start project management and engineering from its office in Perth, Australia, with offshore operations due to begin in the fourth quarter of 2015.

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Subsea 7 Australia and New Zealand vice-president Andy Woolgar said: "We are very pleased to receive this important award from Woodside Energy Ltd. We believe it is a strong reflection of our long, successful and collaborative relationship with Woodside."

Woodside Energy operates the project with a 16.67% interest.

BHP Billiton Petroleum (North West Shelf), BP Developments Australia, Chevron Australia, Japan Australia LNG (MIMI), and Shell Development (Australia) each have a 16.67% stake in the project.

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