Subsea 7 signs agreement with Premier Oil

Subsea 7 has signed a long-term partnership frame agreement with Premier Oil to provide concept engineering, FEED, SURF project execution and Life of Field operations, on a preferred supplier basis. The agreement also enables Subsea 7 access to participate in relevant Premier decommissioning scopes.

The agreement aims to provide Premier with enhanced opportunities to realise the full value from relevant subsea scope of work. Through early engagement Subsea 7 will fully understand the operational challenges faced, and offer best-suited technical solutions with realistic cost evaluations to produce safe and predictable outcomes.

Steve Wisely, Executive Vice President of Northern Hemisphere & Life of Field, said: “The partnership with Premier Oil will enable delivery of safe, cost-effective and on time projects, through a working relationship based on early engagement, collaboration and strong alignment of objectives. We believe the partnership approach facilitates cost reduction through fit for purpose solutions and we look forward to delivering strong value to the Premier portfolio.”

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