Subsea7 has secured a contract valued up to $150 million from Ithaca Energy for decommissioning services at the Alba and Greater Stella facilities in the UK Central North Sea, approximately 230 kilometres east of Aberdeen.

Scope of Work

The contract covers off-station decommissioning of the Alba floating storage unit (FSU) and the Greater Stella field production facility (FPF-1). The specific scope includes flushing the subsea pipelines, providing diver support vessel services, and performing seabed clearance operations.

Project Schedule

Project management and engineering work will begin immediately at Subsea7's office in Aberdeen. Offshore activities are planned to start in the second quarter of 2026.

Field Background

The Alba heavy oilfield was discovered in 1984 in Block 16/26. Production began in 1994 from the Alba Northern platform. The field's infrastructure consists of the Alba Northern platform, the FSU, and the Alba Extreme South subsea production centre.

Company Statements

Subsea7 highlighted that the award allows the company to demonstrate its three decades of full-field decommissioning expertise in delivering complex, safe, and effective solutions. The company also noted its longstanding relationship with Ithaca Energy, which began in 2008, and expressed a commitment to close collaboration for the project's successful delivery.

Contract Classification

Subsea7 classifies a contract of this value, between $50 million and $150 million, as a "sizeable" contract.