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Ocean Installer Awarded First Contract in China

Ocean Installer Awarded First Contract in China

View all news from: Ocean Installer Ltd
View directory entry for: Ocean Installer Ltd

28 August 2018

Ocean Installer has been awarded a contract for Third Party Verification and Engineering Support work for the Liuhua 29-1 Gas Field Development located in the South China Sea.

The work scope encompasses 3rd party verification of detailed design and subsea construction engineering, as well as various other support functions to the clientís engineering team. This is the companyís first job in China, and Ocean Installer will conduct the work as a subcontractor to COOEC Subsea Technology Co., Ltd., which is responsible for the deepwater SURF (Structures, Umbilicals, Risers, Flowlines) EPCI scope towards end-client Husky Oil China Ltd. Work has already begun, with an expected contract duration of 1.5 years.

"This is Ocean Installerís first job in a country where we aim to establish ourselves, and the first job we have been awarded by COOEC Subsea Technology. Ocean Installerís global subsea construction knowledge and expertise will be used to complement our clientís capability to ensure overall success for the project, and we believe this type of cooperation will be important going forward in what is still a challenging market,Ē says Steinar Riise, EVP of Ocean Installer.

The project will be managed in close cooperation with COOEC Subsea Technology. Ocean Installerís project management team will be based in Shenzhen, China, and the work will be supported by Ocean Installerís main office in Norway.

The Liuhua 29-1 field is located about approximately 300 km south of Hong Kong/Victoria at depths of approximately 700 meters. It is currently in the development phase. Husky Oil China Ltd. (75%) is the operator of the Liuhua 29-1 project, with CNOOC (25%) as the partner.