Subsea 7 S.A. right this moment introduced the award of a sizeable1 contract by Equinor as technical service supplier (TSP) for the Northern Lights Part 2 venture, offshore Norway.
Subsea7’s scope contains engineering, procurement, development and set up of a five-kilometer CO2 pipeline, in addition to set up of built-in satellite tv for pc buildings, umbilicals, tie-in and pre-commissioning actions.
Venture administration and engineering will begin instantly at Subsea7’s workplace in Stavanger, Norway. Fabrication of the pipeline will happen at Subsea7’s spoolbase at Vigra, Norway and offshore operations will probably be executed in 2026 and 2027.
“We’re excited to proceed our collaboration with Equinor TSP and the Northern Lights’ house owners Equinor, Shell and TotalEnergies on section 2 of this bold and pioneering venture,” stated Erik Femsteinevik, Vice President for Subsea7 Norway. “We stay up for working collectively to extend the event’s carbon storage capability to a minimal of 5 million tonnes per 12 months, and to assist the continued improvement of a brand new worth chain for Norway and Europe.”
Northern Lights section 2 is enabled by a grant from the Connecting Europe Facility for Vitality (CEF Vitality) funding scheme.
- Subsea7 defines a sizeable contract as being between $50 million and $150 million
