Subsea 7 Gets Varg Gas Export Contract from Talisman Energy

Subsea 7 S.A. announced the award of the Varg Gas Export Contract from Talisman Energy Norge AS for the development of a gas export pipeline at the Varg field, located 200 km off the Norwegian coastline, West of Stavanger. The contract is valued at approximately $60 million.

The contract is for the engineering, procurement, installation and construction of a 6km flowline and flexible riser system as well as the installation of associated subsea structures, protection systems, and tie-ins.

Engineering and project management will commence immediately at Subsea 7’s Stavanger office with offshore operations due to commence summer 2013.

Stuart Fitzgerald, Vice President, Norway said: “We are pleased with this award, which recognizes our strong track record as an EPIC contractor and our ability to deliver technical and project solutions matching the needs of our customers. We look forward to working closely with Talisman to deliver the project safely and in accordance with Talisman’s objectives”.

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Press Release, Septembar 5, 2012