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