Shell awards Oceaneering Perdido subsea works

Shell Oil Co. recently awarded a contract to Oceaneering International Inc., Houston, for fabrication and installation of subsea equipment on Shell's ultradeepwater Perdido Regional Development project in the Gulf of Mexico.

Jul 16th, 2008

By OGJ editors

HOUSTON, July 16 -- Shell Oil Co. recently awarded a contract to Oceaneering International Inc., Houston, for fabrication and installation of subsea equipment on Shell's ultradeepwater Perdido Regional Development project in the Gulf of Mexico.

Engineering and fabrication are under way for 29 flowline and well jumper spools, a pipeline tie-in sled, and related products. Installations are scheduled to begin later this year using Oceaneering;s dynamically positioned vessels, including the Olympic Intervention IV (OI IV).

The Perdido development is 200 miles south of Freeport, Tex., in 7,800 ft of water. Some production wells will be in water as deep as 10,000 ft.

T. Jay Collins, president and chief executive of Oceaneering, said, "Our previously announced charter commitment to add the OI IV to our vessel fleet was instrumental in our success in securing this contract. This vessel has a North Sea class hull design, which lowers weather downtime risk, and will be outfitted with two of our work-class remotely operated vehicles to reduce operational downtime exposure."

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