Subsea 7 Wins Contract Worth Over $750 Million For Two-Phase Subsea Development Project

Written by Bruno Teles

Published on 15/05/2023 at 15:22

foto: Subsea 7

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Subsea 7, a Specialist in Subsea Installations Based in Norway, Secured an Engineering, Procurement, Construction, and Installation (EPCI) Contract for a Two-Phase Subsea Development Worth Over US$ 750 Million, According to Experts.

The company will be responsible for the installation of subsea equipment in 2,000m water depth. The first phase of the project was recorded in the order book for the second quarter of 2023, while the second phase, expected to begin in 2024, still needs to be approved by the client.

According to the initial scope of work, Subsea 7 will be responsible for approximately 37 km of internal flowlines, 47 km of control umbilicals, and associated subsea equipment at water depths of 2,000 m.

The contract also includes additional FEED (Front End Engineering Design) studies, as well as possibilities to expand the scope of work. Subsea 7 noted that the project management and engineering will be led by the local office and that offshore activities related to the initial scope are expected between the second quarter of 2025 and the third quarter of 2025.

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The Company Refuses to Disclose Additional Project Details Due to Contractual Restrictions, and the Client’s Name Remains Anonymous.

The two-phase subsea development contract is considered a major victory for the company, which has a history of large-scale projects. Subsea 7 is globally recognized for the high quality of its services and its unparalleled experience in the subsea installations market.

Earlier this month, the company was selected by the British energy giant BP to lead the Raven Infills project off the coast of Egypt. The contract covers the engineering, procurement, transportation, and installation of nearly 6 km of flexible pipes, umbilicals, and subsea structures at a depth of around 800 m.

In February This Year, the Company Closed Another Major Deal Alongside DeepOcean

Securing two contracts with the Norwegian company Equinor to support the development of the Irpa and Verdenda fields located in the Norwegian Sea. Under the contract, the Subsea 7 and DeepOcean consortium is responsible for the engineering, transportation, and installation of a monoethylene glycol (MEG) pipeline, production riser, subsea structures, and umbilicals.

Subsea 7 continues to establish itself as one of the world leaders in subsea installations and is set to proceed with the development of large-scale projects that require high precision and cutting-edge technology. The company aims to achieve consistent and sustainable growth in the global market, excellently fulfilling its purpose of providing services that help people grow in their personal and professional lives.

Subsea 7 Wins Contract Worth Over $750 Million For Two-Phase Subsea Development Project

Subsea 7, a Specialist in Subsea Installations Based in Norway, Secured an Engineering, Procurement, Construction, and Installation (EPCI) Contract for a Two-Phase Subsea Development Worth Over US$ 750 Million, According to Experts.

The Company Refuses to Disclose Additional Project Details Due to Contractual Restrictions, and the Client’s Name Remains Anonymous.

In February This Year, the Company Closed Another Major Deal Alongside DeepOcean

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Subsea 7 Wins Contract Worth Over $750 Million For Two-Phase Subsea Development Project

Subsea 7, a Specialist in Subsea Installations Based in Norway, Secured an Engineering, Procurement, Construction, and Installation (EPCI) Contract for a Two-Phase Subsea Development Worth Over US$ 750 Million, According to Experts.

The Company Refuses to Disclose Additional Project Details Due to Contractual Restrictions, and the Client’s Name Remains Anonymous.

In February This Year, the Company Closed Another Major Deal Alongside DeepOcean

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