Shell
awards $150 million pan-European maintenance contract
Posted: 20 May 2004
Shell U.K. Limited on behalf of itself, Nederlandse Aardolie Maatschappij
B.V., Norske Shell and Shell E&P Ireland Limited (Shell) has
awarded a three-year fixed term contract to UK-based Subsea 7 BV's
UK branch for the provision of routine underwater inspection for
Shell operated sub sea infrastructure in the North Sea. The three
year contract, with a further two one-year options, is worth in
excess of $150 million ($50m per annum).
The contract is the first major pan-European contract for Shell's
new Exploration & Production organisation in Europe and one
of the largest in the North Sea. A substantial part of Shell's oil
and gas production in the Northern, Central and Southern UK sectors
of the North Sea as well as the offshore sectors of Norway, The
Netherlands and Ireland comes from sub sea wells.
Tom Botts, Chief Executive Officer for Shell Exploration &
Production in Europe, said: "This is the first pan-European
contract awarded by Shell following the reorganisation of the eight
European Exploration & Production businesses in the Royal Dutch/Shell
Group of Companies into one single organisation, EP Europe. It is
an excellent example of how this new organisation creates opportunities
for contractors to leverage skills and services on a cross border
scale across the North Sea, while creating faster implementation,
increased efficiencies and a common high standard for safety and
working practices in Shell's North Sea operations."
Subsea 7 will be the primary contractor responsible for the inspection,
repair and maintenance of Shell's European operated sub sea oil
and gas related infrastructure. The contract scope includes inspection,
repair and maintenance of sub sea infrastructure together with pipeline
inspection activities. The operations will involve air and saturation
diving as well as remotely operated vehicle and survey services.
The annual volume of work to be completed under this contract is
anticipated to be in the region of 350 to 450 vessel days within
the territorial waters and continental shelves of the UK, Netherlands,
Norway and Ireland.
Robin Davies, Subsea 7's UK Vice President said: "Winning
this prestigious award for Europe-wide utilisation of our services
is extremely good news for Subsea 7 and will provide excellent continuity
of work for our personnel and vessels. Our success is based on our
long and successful relationship with Shell and their appreciation
of our past safety record, capability and flexibility. We are looking
forward to continuing to provide a comprehensive and integrated
service to Shell."
For more information see www.shell.com
Posted by Richard Price,
Editor Pipeline Magazine
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