Subsea 7 to work on BP’s Caspian Sea project
- Business & Finance
UK’s Subsea 7 has been awarded two contracts by BP for the Azeri Central East (ACE) project in the Azeri-Chirag-Deepwater Gunashli (ACG) field in the Caspian Sea offshore Azerbaijan in a water depth of approximately 140 meters.
Subsea 7 said on Monday that the two contracts together represent a sizable contract award, which means the value is between $50 million and $150 million.
The work scopes comprise engineering and fabrication of subsea structures, engineering, transport and installation of spools, the launching of a 16,200 tonne jacket and the float-over of an 18,500 tonne topside.
The company said that the contracts would be executed in consortium with BOS Shelf, which would be responsible for the fabrication, logistics and facilities support. Engineering work will start immediately from Subsea 7’s office in France and offshore execution is expected to take place in 2021 and 2022.
Gilles Lafaye, Subsea 7’s Vice President Africa Region, said: “This project reflects our long-term relationship and early engagement with BP Exploration and builds on our Life of Field activities in Azerbaijan.”
It is worth reminding that BP awarded key contracts for the the ACE project in the Azerbaijan’s sector of the Caspian Sea earlier in September.
The consortium consisting of BOS Shelf LLC and Star Gulf FZCO was awarded a contract for the fabrication of the jacket for the ACE platform and skirt piles. The value of this contract is around $260 million. The scope of work includes shop and erection engineering, rolling of tubulars, fabrication and assembly of the jacket and skirt piles, commissioning of installation systems, load-out and sea-fastening of the facility.
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