Subsea7 Awarded Contract in the US Gulf of Mexico
Source: www.gulfoilandgas.com 10/9/2024, Location: North AmericaSubsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced today the award of a sizeable 1 contract for a subsea tieback development in the US Gulf of Mexico.
Subsea7 will be responsible for transporting and installing the flowline, umbilical, and associated subsea components for the tieback. Project management and engineering work will begin immediately at Subsea7’s office in Houston, Texas, and offshore activity is expected to start in 2025.
Craig Broussard, Vice President for Subsea7 Gulf of Mexico, said: “Our strategy of early engagement and close collaboration with clients allows us to approach projects with an open mind and a deep understanding of client needs. This helps us explore innovative, cost-effective ways to deliver optimized energy solutions.”
Subsea7 defines a sizeable contract as being between $50 million and $150 million
Subsea7 will be responsible for transporting and installing the flowline, umbilical, and associated subsea components for the tieback. Project management and engineering work will begin immediately at Subsea7’s office in Houston, Texas, and offshore activity is expected to start in 2025.
Craig Broussard, Vice President for Subsea7 Gulf of Mexico, said: “Our strategy of early engagement and close collaboration with clients allows us to approach projects with an open mind and a deep understanding of client needs. This helps us explore innovative, cost-effective ways to deliver optimized energy solutions.”
Subsea7 defines a sizeable contract as being between $50 million and $150 million
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