Subsea7 has secured a serious offshore engineering, procurement, building, and set up (EPCI) contract from Aramco, valued between $750 million and $1.25 billion, beneath its long-term settlement with the Saudi state-owned oil big.
The challenge scope covers 106 kilometers of infield and export pipelines, modifications to current topsides, and related hook-up actions. Engineering and challenge administration work will start instantly at Subsea7’s workplaces in Saudi Arabia and the UAE, with offshore execution scheduled for 2027 and 2028.
“This challenge marks one other vital milestone and reinforces our long-term strategic engagement with Aramco,” mentioned David Bertin, Senior Vice President for Subsea7 International Initiatives Centre East.
The award additional solidifies Subsea7’s place within the Center East offshore sector, the place Saudi Arabia stays probably the most energetic upstream funding hubs.
