ShippingWatch

Subsea 7 lands million dollar North Sea contract

Installation company Subsea 7 has secured a contract with oil company Wintershall  Norway for work in the North Sea. The contract is worth USD 300 million, says Subsea 7.

Photo: Subsea 7

Subsea 7 is well placed to win the orders offered in an otherwise struggling offshore market, said the installation company in relation to its first quarter interim report, and it now looks like this assessment was not far off.

In any case, the Luxembourg-based company has just landed a North Sea contract with oil company Wintershall Norway. The contract is worth USD 300 million and relates to the development of oil field Maria, which is located in the North Sea approximately 200 kilometers off the coast of Norway and at a depth of 300 meters.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Price of Maersk's new methanol ships drops

Maersk has just ordered six new methanol-powered container ships and now reveals that the added cost of building green ships compared to conventional ones is decreasing. Economies of scale, says equity analyst.

Esvagt pursues Taiwanese offshore wind

The Danish offshore service operator has located a possible partner on the island as a part of high hopes for the local offshore wind market. If successful, Esvagt could be ready to service wind at sea in the far east in a few years.

Further reading

Related articles

Latest news

See all jobs