Subsea7’s scope of work includes the engineering,
procurement, construction, and installation (EPCI) of subsea equipment,
including structures, umbilicals, production risers, and flowlines.Project management and engineering work
will start immediately at Subsea7’s office in Houston, Texas, with offshore
activities expected to begin in 2026.
The company did not
reveal any financial details. However, it was stated that the contract was
‘substantial’, worth between $150m and $300m.
Craig Broussard, SVP of Subsea 7 for the Gulf of
Mexico stated that the new project builds on the company’s strong track record
of delivering oil and gas projects in the deepwater Gulf of Mexico
This year the company
won several contracts in the Gulf of Mexico, including an EPC and installation
contract in August and a subsea tieback deal in October. Before that, Subsea 7
won work on Talos’ Sunspear development and Woodside’s Trion field.