Subsea 7 lands Marjan job in Saudi Arabia
- Business & Finance
Subsea engineering and construction company Subsea 7 has been awarded a large contract by Saudi Aramco for Marjan Increment Projects – Package 2, offshore Saudi Arabia.
Subsea 7 defines a large contract as between $300 million and $500 million. This value range refers to Subsea 7’s share of the consortium contract.
The company said on Tuesday that the engineering, procurement, construction and installation (EPCI) contract was awarded for execution in consortium with L&T Hydrocarbon Engineering (LTHE), a subsidiary of Larsen & Toubro.
The consortium’s workscope consists of EPCI of new tie-in platforms, production deck manifolds, approximately 217 kilometers of rigid pipelines, approximately 145 kilometers of power cables, and a fiber optic cable in the Marjan field in water depths of approximately 45 to 52 meters. Offshore execution is due to take place in 2021 and 2022.
Adzariat Monergi, Subsea 7’s Vice President Middle East said, “This award builds on our track record of reliable project execution in the Kingdom of Saudi Arabia, and the close collaboration we enjoy with LTHE. We look forward to continuing our successful relationship with Saudi Aramco, supported by the recent offshore completion of several projects.”
It is worth reminding that, last week, the consortium also won the EPCI contracts for a total of 28 jackets comprised of eight new jackets to be installed in the Marjan and Zuluf fields, ten jackets in the Safaniya and Zuluf fields, including a pipeline decommissioning scope, and a further ten jackets in the Zuluf and Ribyan fields.
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