Subsea 7 nets deal with Pharaonic Petroleum for East Nile Delta work (Egypt)
Subsea 7 S.A. has been awarded a contract by Pharaonic Petroleum Company S.A.E. for the development of the East Nile Delta Phase 3 Project (END-3), offshore Egypt.
In an announcement on Wednesday, Subsea 7 said that the project scope included installation engineering, procurement and fabrication of rigid spools, and installation of pipeline, umbilical and subsea structures to develop the resources from two wells including 8 kilometres of umbilicals and pipeline.
According to Subsea 7, the contract is valued between $50 million and $150 million.
The field development will be at depths of approximately 80 to 90 metres. Subsea 7 said that fabrication of spools would be carried out at Petrojet’s yard in Egypt. It added that offshore installation was scheduled to start in the fourth quarter of 2015 using the Subsea 7 vessels Rockwater 2 and Seven Borealis.
Gilles Lafaye, Vice President Africa, said: “Subsea 7 is pleased to once again provide services for the Taurt and Ha’py field developments. This important award recognises our technical expertise and strong track record of good execution for Pharaonic Petroleum Company and reinforces our presence in Egypt.”