Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (December 05– December 11).
This is the first EPCIC project award for Subsea Integration Alliance, which was formed July 2015, and represents the industry’s longest deepwater subsea multiphase boosting tieback.
Bibby Offshore, a subsea services provider, has secured a new contract with Shell in the North Sea.
The campaign, due to start in Q1 2017, will see Bibby Offshore provide engineering and subsea construction activities in the Gannet G field in the Central North Sea.
Under the agreement, Bibby Offshore will utilize its multipurpose dive support and offshore construction vessel ‘Bibby Polaris’ and its integral 1000 tonne basket carousel to lay flexible pipe systems in water depths of approximately 95 meters
Namely, in August this year, Fugro signed a deal with Shelf Subsea to sell its subsea services business in Asia Pacific, however, Furgo informed that the parties were unable to reach agreement on some closing conditions, following which Fugro has decided to no longer pursue the transaction.
The two companies previously settled to postpone the delivery of the vessel to June 30, 2017.
The construction deal had already seen Mermaid pay a pre-paid installment of USD 20.4 million. Additional USD 124.8 million would have been due to China Merchants Industry Holdings upon delivery of the vessel.
Allseas will engage the world’s largest construction vessel Pioneering Spirit for the job. Pioneering Spirit is equipped with pipelay equipment that makes it possible to install record weight pipelines from shallow to ultra-deep water, and has an S-lay tension capacity of 2000 tonnes.
