Sunday, December 17, 2017

Subsea 7 Wins USD 1 Bn Contract

September 5, 2016 by  
Filed under Editorials

Oslo-listed Subsea 7 has been awarded a contact in excess of USD 1.3 billion by Beatrice Offshore Windfarm Limited (BOWL) for the engineering, procurement, construction and installation (EPCI) of the Beatrice wind farm turbine foundations and array cables, offshore Scotland, UK. 

Subsea 7, in alliance with Seaway Heavy Lifting, will manage, design, engineer, fabricate and install EPCI jacket foundations and array cables for 84 wind turbines, and perform the transportation and installation of the offshore transmission modules.
Project management and engineering has already started at Seaway Heavy Lifting’s offices in Glasgow, Scotland, and Zoetermeer, the Netherlands, and at Subsea 7’s office in Aberdeen, Scotland, according to Subsea 7.
Offshore installations will be executed in 2017 and 2018 using Seaway Heavy Lifting’s heavy-lift vessels, Stanislav Yudin and Oleg Strashnov.
“This offshore wind farm project is our largest North Sea award to date. Subsea 7 and Seaway Heavy Lifting have a strong reputation in their respective areas of expertise. This contract recognises both companies’ capability to execute contracts safely, on time and within cost targets and is another major step forward in establishing Seaway Heavy Lifting as a leading EPCI contractor in the offshore renewables market,” Jean Cahuzac, Subsea 7 Chief Executive Officer said.
“The Beatrice project is a major step forward in achieving our ambition to be a leading EPCI contractor in the offshore renewables industry,” Jan Willem van der Graaf, CEO of Seaway Heavy Lifting commented.
BOWL is a joint venture partnership formed between SSE (40%), Copenhagen Infrastructure Partners (35%) and SDIC Power (25%).
Located in the Outer Moray Firth, the Beatrice wind turbines will generate 588 Megawatts of power once the wind farm becomes fully operational in 2019.

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