Basic HTML Version
www.ebizguides.com
136
Energy & Mining
The new structure will enable clients to access:
A high-end fleet composed of 42 vessels with high-
specification (pipe lay, construction, remote interven-
tion and diving support vessels)
150 Remotely Operated Vehicles (ROVs) and addi-
tional construction, survey and diving equipment
Most activities of Subsea 7 fall within Engineering,
Procurement, Installation and Commissioning (EPIC)
projects:
SURF services include engineering and construction
for subsea field developments, pipeline and riser sys-
tems and associated services.
Life-of-Field services across all categories of Life-of-
Field work, including inspection, maintenance and
repair, integrity management and remote intervention.
Conventional Services: deepwater expertise is com-
plemented by conventional construction skills and ca-
pabilities that help clients solve complex hydrocarbon
extraction and field development problems (fabrication
and installation of fixed platforms and associated pipe-
lines, as well as hook-up and platform refurbishment).
Renewable energies market: the proven seabed-to-
surface expertise, capabilities, strong safety and risk
management processes and systems of Subsea 7 are
fully transferable to support this emerging market.
In Angola, the activity of Subsea 7 started in 1995 when
Acergy established to successfully lead the Girassol pro-
ject located 210 km northwest of Luanda for Total E&P
Angola.
So far, this project is the most important realization of
the group in Angola; it has been awarded in Houston
in 2009 (Girassol Pipeline Repair System). This project
consisted in a massive repair operation in water depth
of up to 1,350 m. Subsea 7 had to perform the design,
manufacture, testing and operations of a new deepwater
pipeline repair system on a damaged 12-inch-diameter
water injection pipeline.
The pipeline repair system comprises a set of permanent
equipment including the spool deployment frame, rigid
spool piece, end connection skids and two mechanical
pipeline connectors together with a suite of ROV de-
ployed or operated tools for preparing and aligning the
pipeline prior to the connector installation.
InAngola, clients of Subsea 7 benefit high-end facilities in
both Luanda and Lobito/Soyo:
7 vessels based in Angola, each of them can provide
100 to 150 positions
Aspool base located within the Sonils Oil Service Cen-
tre in the Port of Luanda. The base covers an area of
65,376m² and is 715m long including a 75m load-out
jetty. The site employs over 200 people.
Sonamet Lobito yard provides high quality fabrication,
survey, storage and handling services both for shallow
and deepwater projects offshoreAngola. The yard em-
ploys over 1,600 local people and trains approximately
200 people per year. Facilities include:
80 hectares area
2,000m² workshops
1,500m² offices
200m quay, 10m draft, 3,000t capacity
3 x Super duplex workshops of 3,000m²
3 x 400t crawler cranes
Since 2004, Subsea 7 has been a leader in Angola with
a 52% market share on the pipelines and subsea engi-
neering activities. The company contemplates a promis-
ing future with more projects to come, the most challeng-
ing being the CLOV and Pazflor developments for Total.
Subsea 7 is willing to maintain its leadership in Angola,
market that contributes to 20% of its total overall revenue
and bets on increasing activity in 2012 with a peak in
2014.
Corporate Governance
As a Company incorporated in Luxembourg and quoted
on both the NASDAQGlobal Select Market and the Oslo
Børs, Subsea 7 S.A. is subject to a number of different
laws and regulations with respect to Corporate Govern-
ance. Subsea 7 S.A. is fully committed to achieving the
highest Corporate Governance standards at all times.
Corporate Social Responsibility
Subsea 7 has developed partnerships to promote edu-
cation in science & engineering, enable the transfer of
business knowledge & technology and provide charita-
ble support.
Further initiatives include:
support to health improvement programmes particu-
larly in the areas of pre-maternity, malaria and HIV
prevention and treatment,
providing medical equipment
supporting partners in local projects (BP’s association
for children)
In Angola, Sonamet is committed to the development
of the communities in which it is operating. In 2000, the
company launched an ambitious Malaria Control Pro-
gramme (MCP) in the Benguela Community with prom-
ising results. It also contributes actively to education and
health improvement actions in the province.