Offshore Decommissioning Costs in the UK North Sea Falling
The cost estimate of decommissioning oil and gas infrastructure in the UK sector of the North Sea has been cut by 25% in the past five years, reflecting the industry’s...
Olso-based Seaway 7 has announced a “sizeable” contract for the transport and installation of inner-array grid cables for an offshore wind farm project in the United States. In this case sizeable means between $50 million and $150 million.
Seaway 7 was formed in 2021through the combination of the renewable business units of Subsea 7 and OHT, creating a new pure-play renewables company.
The scope of the contract includes the transport and installation of around 160 km of 66 kilovolt (kV) subsea power cables and respective cable protection systems. The contract award is subject to client reaching Financial Close by end of 2022.
Neither the client or the name of the project was disclosed.
The contract marks its second in the United States following the Coastal Virginia demonstrator project which was completed in 2020.
Seaway 7 said for this latest project it will utilise vessels from its cable lay fleet. The fleet consists of five heavy transport vessels, three cable lay vessels, and two heavy lift vessels, plus one heavy lift installation vessel (named Alfa Lift) for foundation installaion due for delivery this year and a jack-up Wind Turbine Installation Vessel (named Seaway Ventus) due in 2023.
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