Company awarded $83-million, three-year contract
A valuable, three-year contract for the Hebron offshore oil project has been awarded to Subsea 7.
Hebron project plan
The contract covers “project management, engineering and installation of two offshore loading systems” and will see engineering and project management work start immediately at the company’s St. John’s office, according to a statement.
“This contract award further enhances our construction capability across offshore Canada, building on the successes of our subsea engineering and construction work for our clients in the region,” said Stephen Henley, managing director of Subsea 7 Canada, in the release.
The contract from ExxonMobil Canada Properties is valued at about $83 million (US $75 million).
The Hebron oil field is about 350 kilometres southeast of St. John’s, in the Jeanne d'Arc Basin. Work to complete the various pieces of the Hebron gravity-based structure continues both in Newfoundland and Labrador and internationally.
According to a spokeswoman representing the Hebron project partnership, led by ExxonMobil with a 36 per cent interest, the expectation is the concrete base for the GBS will be towed out into the waters at Bull Arm this summer, where construction work will continue.
The other Hebron partners are: Chevron Canada Limited (26.7 per cent), Suncor Energy Inc. (22.7 per cent), Statoil Canada (9.7 per cent) and Nalcor Energy (4.9 per cent).
First oil from Hebron is expected by the end of 2017.