BP has extended its contract for subsea construction, inspection, repair and maintenance services in the North Sea with Subsea 7. The five year contract extension is valued at approximately USD 300 million and will run until 2017.
Under the terms of this contract Subsea 7 will deploy the multi-purpose support vessel Subsea Viking to provide extensive support services primarily for BP’s operations in the Foinaven and Schiehallion fields, west of Shetland, as well as support for BP assets elsewhere in the North Sea.
The work will be managed by Subsea 7 from its Subsea Centre of Excellence in Aberdeen. The Foinaven and Schiehallion fields lie within 15 km of each other and are located approximately 175 km west of Shetland, in water depths of between 350 to 450 m.
