Fossil Energy – Subsea Development
Subsea 7 announced the award of a contract for a two-phase subsea development with an unnamed client.
The first phase has been recorded in the backlog of the Subsea and Conventional business unit in the second quarter of 2023. The second phase, expected in 2024, remains subject to sanction by the client.
The initial scope of work to be executed by Subsea7 comprises the engineering, procurement, construction, and installation of approximately 37 kilometres of infield flowlines, 47 kilometres of control umbilicals and associated subsea equipment in water depths of 2,000 metres.
The contract also includes additional FEED studies and options to further extend the scope of work.
No further details are disclosed at this time due to contractual obligations.
