Ocean Installer

Ocean Installer awarded agreement for Cambo Field

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Ocean Installer has been awarded an agreement with Siccar Point Energy and Baker Hughes, a GE company, to support the appraisal and early production phases of the Cambo Project, with the ability to extend into the future developments.

Ocean Installer will execute the job as part of an innovative alliance with Baker Hughes, a GE Company (BHGE), one of the world’s largest oil field services companies, which targets projects where Ocean Installer and BHGE benefits each other.

“An alliance like this enables us to improve execution efficiency and risk mitigation through the creation of shared project objectives, and minimize tendering costs, with the ultimate objective of creating more efficient subsea solutions,” says Steinar Riise, CEO of Ocean Installer.

This is Ocean Installer’s first contract with Siccar Point, which has established itself as a key operator after acquiring OMV UK earlier this year. The field is located North-West of the Shetland Islands in the UK at a water depth of 1,100m, one of the deepest fields in Northern Europe yet to be developed. Over 100 million barrels of recoverable resources have already been discovered.

“We are delighted that Siccar Point has chosen to work with us. With several other upcoming projects in the pipeline, we hope this will be the first of many jobs we win with Siccar Point. We also look forward to working together on this project as part of a long-term collaboration with BHGE,” says Steinar Riise, CEO of Ocean Installer.

Phase 1 of the Cambo Field Development will be an early production system (EPS), followed by a Phase 2 full-field development. The project is scheduled to commence in 2018 and will be managed from the Ocean Installer Aberdeen office. The Construction Support Vessels Normand Vision and Normand Reach will be utilised for the offshore execution.

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Ocean Installer
Ocean Installer
Forusparken 2
4031 Stavanger

+47 51957000http://www.oceaninstaller.com

Ocean Installer is a subsea company headquartered in Stavanger, Norway and with offices in Aberdeen and around the world. Ocean Installer holds strong EPCI expertise within the SURF (Subsea, Umbilicals, Risers, Flowlines) segment and is rapidly expanding its operations and organisation within and beyond the North Sea basin.

Ocean Installer provides its clients with recognised first-rate assets and has secured long-term charters on three construction support vessels (CSV): Normand Clipper, Normand Mermaid and Normand Vision. Ocean Installer will continuously invest and develop its assets to fulfill its ambition to be a key service provider within the SURF segment.

Ocean Installer is majority-owned by HitecVision, a leading investor in the oil and gas industry.

Ocean Installer holds FPAL- and Achilles certifications, with systems established in accordance with the requirements set out in ISO 9001, 14001, 18001 and 31 000 standards.

For further information, please visit: www.oceaninstaller.com