New subsea pipeline is huge opportunity for UK oil and gas contractors
A major new multi-million pound North Sea drilling project has been announced by BP and giant offshore engineering company Subsea 7,
The contract is for the building of new pipelines at the vast Clair Ridge drilling project just off the Shetland Islands where the North Sea and Atlantic Ocean meet. The new initiative, which is based in Wick, is Phase Two of the Clair project and part of a huge £10 billion investment by BP, Chevron, ConocoPhillips and Shell, four of the largest ‘oil giants’.
The new phase of the project is expected to create more than 3,000 gas and oil supply roles including many for oil and gas engineering contractors. Almost nine miles of new gas pipeline will be laid as part of the enormous £63 million contract. Commenting on the new deal, Scottish Secretary Michael Moore said, “This major contract underlines the confidence of the oil and gas sector and world-leading engineering firms with bases in Scotland. The construction of the pipeline is an essential step in opening up the considerable potential of the west-of-Shetland field. The contract award to Subsea 7 is just the latest piece of good news for the UK’s oil and gas sector and its supply chain in Scotland. I welcome the investment by BP and the jobs and expertise which will be secured in the Wick facility as a result.”