TAQA lets Subsea 7 service contract for North Sea assets

Uchenna Izundu
International Editor

LONDON, Dec.18 -- TAQA Bratani Ltd. has contracted Subsea 7 Inc. to provide inspection, repair, and maintenance (IRM) services for 1 year over its newly acquired northern North Sea assets.

Earlier this month TAQA concluded its $631 million purchase from Shell UK Ltd. and ExxonMobil Corp. for the Cormorant North, Cormorant South, Eider, Kestrel, Tern, and Pelican fields (OGJ Online, Dec. 7, 2008). TAQA became operator Dec. 1.

A Subsea 7 project team, based in the company's new Aberdeen office, will manage work scopes under the frame agreement, the first of which commenced last week.

Contact Uchenna Izundu at uchennai@pennwell.com

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