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Offshore engineering and services player Subsea 7 has won a contract for a front-end engineering and design (FEED) by ConocoPhillips for the study of the Previously Produced Fields (PPF) development project off Norway.
The FEED study will finalise the technical definition of the proposed subsea development. Work will begin immediately in Subsea 7’s offices in Norway. The project is granted under a new framework agreement between ConocoPhillips and Subsea7.
If the development project passes the final investment decision, the operator can exercise an option to award the subsea structures, umbilicals, risers and flowlines (SURF) scope of the contract. Offshore installation activities associated with this contract would be scheduled for 2026 to 2029.
The company did not disclose the value of the SURF part of the deal, if awarded, however, it did state that it would be a large contract, putting it in the $300m to $500m range.
The Previously Produced Fields are located in the Greater Ekofisk Area, some 290 km southwest of Stavanger. The PPF development will be connected to the existing Ekofisk complex.
“The study will enable Subsea7 to engage early in the field development process, optimising design solutions and contributing to the final investment decision,” said Erik Femsteinevik, VP at Subsea 7 Norway.
The post ConocoPhillips taps Subsea 7 for FEED work off Norway appeared first on Energy News Beat.
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