Subsea 7 Wins Offshore Contract in Trinidad and Tobago

Written by Paulo Nogueira

Published on 01/09/2020 at 06:19

Updated on 01/09/2020 at 06:20

Navio lançador de tubos/ linhas Seven Navica Foto: SUBSEA 7

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Subsea 7, Listed in Oslo, Said It Secured a “Significant” Contract from an Unnamed Client for Offshore Work in Trinidad and Tobago.

The scope of Subsea 7’s contract covers project management, engineering, procurement, installation, and pull-in of a rigid subsea flowline and flexible riser, along with flexible flowlines and associated subsea infrastructure and umbilical system.

According to the company, the deal is worth between US$ 50 million and US$ 150 million, and the offshore installation activities are expected to take place in 2021. Subsea 7 also highlighted that, at this time, no further details can be communicated.

Finally, the Contract Will Go to the Third Quarter Order Book.

As a reminder, the engineering and construction specialist reported a quarterly net loss of US$ 922 million in the second quarter of this year. The order book at the end of June was US$ 7.0 billion, of which US$ 2.1 billion is expected to be executed in 2020.

ARTICLE CONTINUES BELOW

Subsea 7 Wins Offshore Contract in Trinidad and Tobago

Subsea 7, Listed in Oslo, Said It Secured a “Significant” Contract from an Unnamed Client for Offshore Work in Trinidad and Tobago.

Finally, the Contract Will Go to the Third Quarter Order Book.

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Subsea 7 Wins Offshore Contract in Trinidad and Tobago

Subsea 7, Listed in Oslo, Said It Secured a “Significant” Contract from an Unnamed Client for Offshore Work in Trinidad and Tobago.

Finally, the Contract Will Go to the Third Quarter Order Book.

Scientists open a 1-million-year-old capsule in New Zealand and find fossils of 16 species that reveal extinctions caused by volcanoes and climate changes before humans.

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

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