Subsea 7 Bags Atoll Field Contract Off Egypt
Subsea 7 has secured a substantial contract, in the Atoll field offshore Egypt, by Pharaonic Petroleum Company.
The contract scope includes the engineering, procurement, construction and installation of more than 40 kilometres of rigid pipelines and associated structures for the new Atoll field, tying into the existing Taurt field at a water depth of 100 metres. A 105 kilometre umbilical will also be installed linking the Atoll field to shore, the company explained.
As Subsea 7 informed, the engineering and procurement services have already started. Offshore campaigns will take place in the second half of 2017 and the early months of 2018, using the Subsea 7 vessels Seven Borealis, Seven Eagle and Seven Arctic.
Gilles Lafaye, Subsea 7’s region vice president for Africa, said: “We are delighted to strengthen our presence in Egypt. This substantial contract award recognizes our technical expertise and track record of strong execution for Pharaonic Petroleum Company.”
Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million.