Subsea 7 Secures Longterm Work With Premier Oil

Published at 08:46AM - 12/11/15

Oil and gas specialists, Subsea 7, have announced a long term contract win that will see them supply services to the UK based independent- Premier Oil.

The contract is set to last for an initial 5 years, although options for further extensions have also been included, although no figure has been given as to the contracts value.

The agreement covers all concept engineering, Front End Engineering Design (FEED), Subsea Umbilicals, Risers & Flowlines (SURF) for Premier Oil’s fields, and offshore activities in the UK, Norway and the Falkland Islands.

The contract will also see Subsea 7 provide Premier Oil with engineering and subsea services during the oil and gas firms decommissioning projects.

Subsea 7 Executive VP, Steve Wisely, said: The partnership with Premier Oil will enable delivery of safe, cost-effective and on time projects, through a working relationship based on early engagement, collaboration and strong alignment of objectives.”

“We believe the partnership approach facilitates cost reduction through fit for purpose solutions and we look forward to delivering strong value to the Premier portfolio.”