Subsea 7 Share $1.3 Billion Contract With Seaway

Published at 03:14PM - 23/05/16

Subsea 7 revealed today that the major engineering, procurement, construction and installation (EPCI) contract has been awarded by Beatrice Offshore Windfarm Limited (BOWL) valued in excess of US$1.3 billion (£900m).

The scope of the work includes the EPCI of the turbine foundations and array cables, as well as the transportation and installation of transmission modules for the Beatrice offshore wind farm, offshore Scotland.

“This offshore wind farm project is our largest North Sea award to date”, said Subsea 7 Chief Executive Officer, Jean Cahuzac.

Subsea 7 Share $1.3 Billion Contract With Seaway

The contract will be jointly executed by Seaway Heavy Lifting and Subsea 7.

“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”, Cahuzac added.

“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, said.

“We are proud that BOWL has chosen Seaway Heavy Lifting and Subsea 7 for the planning, design and safe execution of the foundation and cable lay work for their Beatrice offshore wind farm”, he added.

Enough Energy To Power 470,000 Homes

The 588 MW offshore wind farm will be located in the Outer Moray Firth. The power will be collected on two offshore transmission modules and the development should provide enough energy to power approximately 470,000 homes.

BOWL is a joint venture (JV) partnership formed between SSE (40%), Copenhagen Infrastructure Partners (35%) and SDIC Power (25%). Subsea 7 is a 50% shareholder in Seaway Heavy Lifting.