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Shell north sea draugen platforms3/7/2024 ![]() ![]() Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million. Subsea 7 said that the project work scope awarded to Subsea Integration Alliance covered the engineering, procurement, construction, and installation (EPCI) of the subsea production systems (SPS) and subsea pipelines (SURF) for the subsea well with direct tie-back to Draugen production platform. The Hasselmus project sits seven kilometers north west of the Draugen platform in the southern Norwegian Sea. The SURF scope comprises approximately nine kilometers of pipe-in-pipe flowline and associated structures in water depths of approximately 250 meters, Subsea 7 said.BP announced today that it has agreed to sell its 18.36 per cent non-operated interest in the Draugen field in the Norwegian Sea to AS Norske Shell for $240 million in cash. The agreement is a further example of BP’s active management of its portfolio in the North Sea, focusing investment on high value assets with long term growth potential, while realising the value of non-core assets. “These investments, together with our continuing operation of the Ula field, underline our long term commitment to Norway.” “BP is a significant investor in Norway and is in the final stages of completing two major projects, the Skarv field and the re-development of the Valhall field, which will greatly increase our production from the country,” said Rebecca Wiles, managing director of BP Norway. With the start-up of Skarv and Valhall redevelopment, BP’s Norwegian production is expected to more than double, to over 60,000 barrels of oil equivalent per day. The Valhall re-development project involves the installation of a new platform, extending production from the field out to 2050. The Skarv project, involving a new floating production storage and offloading (FPSO) vessel in the Norwegian Sea, is expected to produce for 25 years and to be a key hub for BP in Norway.
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