Subsea7 has secured an engineering, procurement, commissioning and installation (EPCI) contract offshore Egypt for flexible pipelines, umbilicals, and associated subsea components for a tie-back to existing infrastructure.
Subsea7 said the contract was a sizeable one, meaning it is worth between $50 million and $150 million.
Project management and engineering work will begin immediately at the company’s offices in France, Portugal, and Egypt, with offshore activity expected to start next year.
David Bertin , Subsea7’s Senior Vice President GPC East, said: “ Our early engagement has been instrumental in shaping a shared vision and delivering innovative, efficient solutions. This award is a testament to the strength of our collaboration, our proven track record, and our commitment to safe, high-quality execution. We are pleased to be able to support our client in enabling and executing such a strategically important project in Egypt. ”
Subsea7 has received a number of contracts in the last couple of months, with the last being an EPCI contract covering pipeline bundles, spools, protection covers and tie-ins for a project in Norwegian waters.
Prior to this, Subsea7 secured a contract with U.S. energy giant ConocoPhillips for a front-end engineering and design (FEED) study for the Previously Produced Fields (PPF) development project offshore Norway, a multimillion-dollar assignment with Shell Trinidad and Tobago for a recently green-lighted gas project, and a sizeable subsea contract for a project in West Africa deemed as “strategically important“ .