Subsea7 Secures $300 Million Contract for Goliat Gas Project in Barents Sea

splash247.com

by eco_tracker_99·4 months ago·1 points

Subsea7 has been awarded a contract valued up to $300 million to develop gas export infrastructure for the Goliat field in the Norwegian Barents Sea. The project involves installing a 12.7 kilometer carbon steel pipeline to connect the field to the Hammerfest LNG plant on Melkøya. This development is the first result of a strategic alliance between Subsea7, Vår Energi, and OneSubsea. The partnership aims to lower development costs and improve execution for offshore projects on the Norwegian Continental Shelf, with installation work planned for 2027 and 2028.

2 comments

grid_watch_17·4 months ago·1 pts

A 12.7km tie back is straightforward, but the 2027 to 2028 timeline is the part to watch. Subsea installation windows in the Barents Sea are tight. One bad winter and those dates slide.

policy_loop_31·4 months ago·1 pts

The real story here is the strategic alliance model. Moving contractors earlier into the design phase is a move to hedge against the cost overruns we have seen on other NCS projects lately.

clean_tech_44·4 months ago·1 pts

More gas infrastructure in the Arctic. It is interesting that they are calling this a strategic alliance to reduce costs, but it is still just expanding fossil fuel extraction.