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Thursday, January 16, 2014
Subsea Riser Products (SRP), an Acteon company, won a multi-million pound contract out of the Republic of Congo (ROC). The contract was awarded by Total for its Moho Nord project and involves the supply of a 3,500-psi drilling riser and deployment tooling.
This is the first time that Total has awarded SRP a direct contract.
The scope of the contract includes 43 joints for drilling from a tension leg platform in a water depth of 780 meters off the coast of ROC. Manufacturing and assembly work will take place in the UK and Europe, and the equipment will be delivered by March 2015. The project will call on skills from a range of departments within SRP, including design, engineering, quality and procurement.
Johnny Shield, managing director of SRP said, “This is a major project award that confirms our ability to engineer and provide complex turnkey riser projects directly to major oil and gas companies. This contract provides a solid base from which SRP will grow and provide its riser engineering and procurement capability offering to other companies. A key aspect of the contract win was our ability to deliver to the highest quality level against an aggressive schedule at a competitive price.”
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