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Subsea 7 has secured a new contract for work in the US Gulf of Mexico.

Subsea 7 has secured a new contract for work in the US Gulf of Mexico.
blog image
Maritime

Subsea 7 has secured a new contract for work in the US Gulf of Mexico.

Oslo-listed Subsea 7 has been awarded a significant EPC (Engineering, Procurement, and Construction) and offshore installation contract in the US Gulf of Mexico by an undisclosed client. The contract involves a comprehensive scope of work that includes the engineering, procurement, construction, and offshore installation of several key components: a water injection flowline, hull piping, and associated subsea infrastructure. Project management and engineering efforts will commence immediately at Subsea 7’s Houston, Texas office, setting the stage for the initial phases of the project. Offshore installation activities are anticipated to begin in 2026. Although the specific financial details of the contract were not disclosed, it is understood that a contract of this scale would typically fall within the range of $50 million to $150 million, based on the company's standard contract size classifications. While the exact financial terms of the contract have not been disclosed, it is estimated to fall within a typical range for significant projects. 


22 Aug 24
blog image
Maritime

Subsea 7 has secured a new contract for work in the US Gulf of Mexico.

Oslo-listed Subsea 7 has been awarded a significant EPC (Engineering, Procurement, and Construction) and offshore installation contract in the US Gulf of Mexico by an undisclosed client. The contract involves a comprehensive scope of work that includes the engineering, procurement, construction, and offshore installation of several key components: a water injection flowline, hull piping, and associated subsea infrastructure. Project management and engineering efforts will commence immediately at Subsea 7’s Houston, Texas office, setting the stage for the initial phases of the project. Offshore installation activities are anticipated to begin in 2026. Although the specific financial details of the contract were not disclosed, it is understood that a contract of this scale would typically fall within the range of $50 million to $150 million, based on the company's standard contract size classifications. While the exact financial terms of the contract have not been disclosed, it is estimated to fall within a typical range for significant projects. 


22 Aug 24
blog image
Maritime

Subsea 7 has secured a new contract for work in the US Gulf of Mexico.

Oslo-listed Subsea 7 has been awarded a significant EPC (Engineering, Procurement, and Construction) and offshore installation contract in the US Gulf of Mexico by an undisclosed client. The contract involves a comprehensive scope of work that includes the engineering, procurement, construction, and offshore installation of several key components: a water injection flowline, hull piping, and associated subsea infrastructure. Project management and engineering efforts will commence immediately at Subsea 7’s Houston, Texas office, setting the stage for the initial phases of the project. Offshore installation activities are anticipated to begin in 2026. Although the specific financial details of the contract were not disclosed, it is understood that a contract of this scale would typically fall within the range of $50 million to $150 million, based on the company's standard contract size classifications. While the exact financial terms of the contract have not been disclosed, it is estimated to fall within a typical range for significant projects. 


22 Aug 24