Published:
Acergy S.A. $120 Million Contract Awards in Northern Europe
Acergy S.A. (NASDAQ: ACGY) (OSLO: ACY) announced
today the award of three contracts in Northern Europe with an approximate
total value of $120 million.
Acergy have been awarded a contract in the North Sea for the installation
of a hyperbarically welded hot-tap into an existing 30" Gas Export
pipeline, installation is scheduled for completion in the third quarter of
2008.
Statoil have awarded a contract to Acergy for the installation on the Alve
field of a 16 kilometres well control umbilical, a production riser, DEH
feeder cable, template, spool and associated structures, together with
tie-in work. This installation is part of the infrastructure that will
deliver production from the Alve field to the FPSO on the Norne field.
Offshore work is scheduled for the template installation in the third
quarter of 2007 and all other work in the third quarter of 2008.
Bluewater Industries have awarded Acergy a contract for installation work
on the Tristan NW field which includes the flowline, well control
umbilical, tie-ins and pre-commissioning for a single gas well development.
The installation programme is scheduled for the fourth quarter of 2007.
Oeyvind Mikaelsen, Vice President Northern Europe and Canada, said,
"We are delighted to have been awarded these contracts, which come as a
result of our continuing ability to deliver complex subsea projects on time
and within budget while exceeding customer requirements. Each of these
awards is a reflection of Acergy's excellent safety record, stringent HSEQ
procedures and practices and our continued commitment to the North Sea."
Acergy S.A. is a seabed-to-surface engineering and construction contractor
for the offshore oil and gas industry worldwide. We plan, design and
deliver complex, integrated projects in harsh and challenging environments.
We operate internationally as one group -- globally aware and locally
sensitive, sharing our expertise and experience to create innovative
solutions. We are more than solution providers, we are solution partners
-- ready to make long-term investments in our people, assets, know-how and
relationships in support of our clients.
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