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Subsea 7 airs $150M Angola assignment


Published Jul 7, 2009
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Aker Kvaerner wins a major subsea contract on the Indian continental shelf-Spotlight
courtesy Aker Solutions

U.K.-based offshore construction outfit Subsea 7 has won the $150 million job of bringing pipelaying, engineering, construction and installation to Angola on behalf of an unnamed client.

Work is set to start in 2010 and end in 2011.

France-based oil company Total is 40 percent owner in the CLOV project in Angola’s deep offshore, where front-end enineering had been underway and plans call for production by 2013. Total also has a 30 percent stake in Block 32-CSE, where a study was still underway earlier this year.

U.K. supermajor BP also has substantial deepwater interests in all the war-torn country’s four main offshore blocks — Nos. 15, 17, 18 and 31 — where 54 discoveries have been made.

Tags: BP PLC, Subsea 7, Total




   

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