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ABB Ltd Wins USD 170 Million Contract from Subsea 7


Thursday, 6 Dec 2012 05:01am EST 

ABB Ltd announced that it has won a contract worth USD 170 million from Subsea 7, to build a power link between a new oil and gas field being developed by Total E&P Norge AS in the North Sea and the Norwegian power grid. The Martin Linge (formerly known as Hild) field lies at a depth of 115 meters and has been identified among the oil and gas fields with highest potential reserves in the North Sea. The field will receive its electricity feed through a subsea AC link – a 162-kilometer long high-voltage submarine power cable that will lie 370 meters below sea level, at its deepest point. ABB’s project scope includes the technical pre-studies, design, engineering, production and installation of the high-voltage cable system. The cable link will power a wellhead and production platform, a floating storage and offloading (FSO) vessel. Production from the field is expected from 2016. 

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20.68
-0.16 -0.77%
22 Aug 2014