Statoil contracts Subsea 7 for riser, flowline maintenance off Norway

Offshore staff

LUXEMBOURG – Statoil (OSE:STL; NYSE:STO) has awarded Subsea 7 (Oslo:SUBC) a $140-million contract to remove and replace risers, flowlines, and associated subsea structures on the Norwegian continental shelf.

Subsea 7 starts immediately with the engineering in its Stavanger and Oslo offices. The offshore work is scheduled to last from 2014 to 2017.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...