Subsea 7 Firms Up Julimar Deal
- Business & Finance
Subsea 7 has confirmed a contract by Woodside for the execution of phase 2 of the Julimar-Brunello Project.
This contract was awarded to Subsea 7 earlier this year, subject to the final investment decision of the Julimar-Brunello joint venture participants (Woodside and KUFPEC), which has now occurred.
The Julimar field is located approximately 200 km offshore North Western Australia. The full scope of work will be to design, procure, install and commission a 22 km 18” corrosion resistant alloy (CRA) gas transmission flowline and an umbilical system.
The offshore activities will be performed in 2021 using Subsea 7’s reel-lay and heavy construction vessels.
Andy Woolgar, Subsea 7 vice president Australia and New Zealand, said: “This contract with Woodside reflects what can be achieved with strong collaboration and early engagement. Our solution demonstrates the advantages of having a full range of installation and pipelay capabilities in Australia and illustrates how Subsea 7’s global technology portfolio allows us to deliver cost-effective solutions to our clients around the world.”
The contract is said to be between USD 150 million and USD 300 million.