Subsea7 has secured a considerable contract offshore Norway. Subsea7’s scope consists of engineering, procurement, development and set up (EPCI) of pipeline bundles, spools, safety covers and tie-ins utilizing key vessels from Subsea7’s fleet.
Undertaking administration and engineering will begin instantly at Subsea7’s workplaces 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 challenge. Our collaboration with our purchasers leverages our collective expertise from previous and present tasks,” stated Erik Femsteinevik, Vice President for Subsea7 Norway. “By participating early within the area improvement course of, we will optimize design options and contribute to a optimistic last funding determination. Subsea7 appears to be like ahead to a protected, environment friendly, and dependable area improvement.”
No additional particulars are disclosed presently.
- Subsea7 defines a considerable contract as being between $150 million and $300 million.