Agility Subsea Wins $57 Million In Work Creating Jobs

Published at 11:44AM - 24/12/15

Agility Subsea Fabrication has been awarded oil and gas contracts in the region of US$57.6 million (NOK500m) over the last few months, creating jobs within firm.

The Norwegian based company announced the news Thursday (24th Dec), stating that since the summer, it has been able to increase its workforce by 50, despite the downturn in the oil and gas markets.

The awards push the company’s backlog to NOK 800 million (US$92m), a record for the company.

Agility Subsea Contracts

Agility Subsea’s latest contract wins, include supplying a host of subsea equipment to the BP operated Shah Deniz development, offshore Azerbaijan.

The contract will see Agility supply the Shah Deniz phase 2 project with “well jumpers”, manifolds and foundations, with a total delivery weight in excess of 3,600 tonnes.

Agility have also secured a 2 year ‘frame agreement’ from Houston based FMC Technologies. The agreement will not only see Agility supply subsea infrastructure for the Norwegian Continental Shelf, but also offer its services through FCM to the global market.

Agility Subsea CEO

Commenting on the awards, Agility’s CEO, Tove Nilsen Ljungquist, said: “These awards will help to ensure employment at our workshops on Røra and in Tønsberg in 2016 and much of 2017.”

“In a phase where the entire industry is struggling, it’s amazing that we continue to grow and win contracts. We’ve hired 50 new employees since the summer and I do not think there are many other oil companies have done,”