SLB and Subsea 7 have secured a substantial engineering, procurement, construction and installation (EPCI) contract from bp for the Ginger project offshore Trinidad and Tobago.
This marks the first project award under a global framework agreement between bp and the Subsea Integration Alliance, which includes SLB OneSubsea and Subsea 7.
The partnership aims to optimise system-level performance by fostering increased transparency and early engagement.
The novel commercial model outlined in the framework is designed to align incentives and drive accelerated value creation for all stakeholders throughout the lifespan of their joint projects.
SLB OneSubsea CEO Mads Hjelmeland said: 鈥淲hen we first entered this long-term, strategic agreement with bp, it was with the intent of strengthening subsea project performance together. We believed that, by combining our skills, knowledge and experience more transparently, we could bring more projects over the line, more cost-effectively.
鈥淯nlocking FID [final investment decision] for Ginger is a significant win for this new way of working together and I am excited for what is ahead, for both Ginger and beyond.鈥�
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By GlobalDataFor the Ginger EPCI project, SLB OneSubsea is set to deliver four standardised vertical monobore subsea trees and tubing hangers, with a focus on rapid delivery and installation.
Additionally, it will introduce the region’s first high-integrity pressure protection system manifold, expected to result in significant safety, efficiency and environmental benefits.
Subsea 7 will contribute a diver-installed tie-in system, a flexible production flowline and related infrastructure.
The Ginger development is situated off Trinidad’s south-east coast in waters reaching depths of up to 90m.
Subsea Integration Alliance CEO Olivier Blaringhem said: 鈥淭his is an exciting and important project for our novel global framework with bp, which expands our EPCI collaboration to Trinidad and Tobago. Through the capability and agility of our partners Subsea 7 and SLB OneSubsea, we provide key assets and expertise to create value for the long-term and deliver the best possible total cost of ownership on the Ginger project.鈥�
In a related development, Subsea 7 has been awarded a contract by Equinor for the Northern Lights phase two project in Norway.
Subsea 7’s responsibilities will include the EPCI of a 5km CO鈧� pipeline, as well as the installation of satellite structures, umbilicals, tie-ins and pre-commissioning activities.
