Hess awards Proserv GoM subsea control system contract

Proserv has secured a major contract win, worth in excess of US$20 million, by Hess Corporation for the provision of a 12-well subsea control system along with associated topside and subsea interface equipment for the deepwater Stampede development, situated in the Gulf of Mexico.

Global project

Work for the project will be carried out in various Proserv subsea service centres and technology hubs around the world, reinforcing the company’s strong inter-regional capability. The design and manufacture of the subsea electronics modules (SEMs) and subsea control modules (SCMs) will be carried out by Proserv’s team in Great Yarmouth, UK, with the Trondheim facility in Norway providing technical support. Final testing, servicing and the integration of equipment will be carried out at the company’s new dedicated controls facility in Houston, USA.

The systems will be delivered to the client in a phased approach throughout 2015 and 2016 in line with key project milestones.

Working with Hess Corporation

Proserv has a long-standing relationship with Hess Corporation and over the past three years has secured work with the operator which, including this latest award, is estimated to be worth around US$35 million. These activities included providing subsea controls equipment and services for Hess Corporation’s Tubular Bells field, a fast-track project that has just announced first production, and Hess GoM brownfield projects.

This latest contract comes just weeks after Proserv was acquired by Riverstone Holdings LLC, a major US private equity investor with an impressive track record of backing independent operators and energy service companies.

Adapted from press release by Cecilia Rehn

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/01122014/hess-awards-proserv-gom-subsea-control-system-contract/