Subsea7 has secured a considerable contract offshore Norway. Subsea7’s scope consists of engineering, procurement, building and set up (EPCI) of pipeline bundles, spools, safety covers and tie-ins utilizing key vessels from Subsea7’s fleet.
Mission administration and engineering will begin instantly at Subsea7’s places of work in Stavanger, Norway and Aberdeen, Scotland. Fabrication of pipeline bundles will happen at Wester, Scotland. Offshore operations are anticipated to happen in 2025-2027.
“We’re excited to have been awarded this undertaking. Our collaboration with our purchasers leverages our collective expertise from previous and present initiatives,” mentioned Erik Femsteinevik, Vice President for Subsea7 Norway. “By participating early within the subject improvement course of, we are able to optimize design options and contribute to a constructive last funding resolution. Subsea7 seems to be ahead to a secure, environment friendly, and dependable subject improvement.”
No additional particulars are disclosed right now.
Subsea7 defines a considerable contract as being between $150 million and $300 million.
