Subsea 7 Awarded $500m Contract in Egypt

Subsea 7 Awarded $500m Contract in Egypt

The work scope includes the engineering, procurement, installation and pre-commissioning of subsea infrastructure required to develop the hydrocarbon resources from nine wells including 75 km of umbilicals and 100 km of pipeline.

Fabrication of the subsea structures and spools would be carried out at the Petrojet Maadia yard near Alexandria.

Subsea 7 has won a contract worth US$500mn by BP and partner DEA for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt

The offshore installation is scheduled to commence in the second half of 2016 using the Subsea 7 pipelay vessel — Seven Borealis — and heavy construction vessel — Seven Arctic.

Øeyvind Mikaelsen, executive V-P, Southern Hemisphere and Global Projects said, “This large contract awarded by BP for the first phase of the West Nile Delta field development recognises the value we bring to our clients through early engagement with them to engineer, design and deliver cost-effective solutions for complex field developments. We look forward to expanding our presence in Egypt and building on our long, successful and collaborative relationship with BP.”

According to the company, engineering and project management work would commence immediately and undertaken at Subsea 7’s Global Projects Centre in London.

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