Subsea 7 Bags USD 500 Mln Gig Offshore Egypt

Subsea 7 announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt.

The contract is the first phase of Egypt’s West Nile Delta project where field development will be at depths of approximately 800 metres.

The contract scope includes the engineering, procurement, installation and pre-commissioning of subsea infrastructure required to develop the hydrocarbon resources from nine wells including 75
kilometres of umbilicals and 100 kilometres of pipeline.

Engineering and project management work will start immediately and will be undertaken at Subsea 7’s Global Projects Centre in London.

Fabrication of the subsea structures and spools will be carried out at the Petrojet Maadia yard near Alexandria. Offshore installation is scheduled to start in the second half of 2016 using the
Subsea 7 pipelay vessel, Seven Borealis, and heavy construction vessel, Seven Arctic.

Øeyvind Mikaelsen, Executive Vice President Southern Hemisphere and Global Projects said: “This large contract awarded by BP for the first phase of the West Nile Delta field development recognises the value we bring to our clients through early engagement with them to engineer, design and deliver cost-effective solutions for complex field developments. We look forward to expanding our presence in Egypt and building on our long, successful and collaborative relationship with BP.”

Share this article

Follow Subsea World News

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

9th Annual Submarine Power Cable and Interconnection Forum

This year’s Advance Submarine Power Cable and Interconnection conference will focus on the cutting edge thinking that is emerging across…

read more >

The 24th Annual PNEC Conference & Exhibition

The 24th annual PNEC Conference and Exhibition  will bring together the industry thought leaders and technology providers that enable the management…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

M&CCE Expo Marine & Coastal Civil Engineering 2020

This conferences, events, demos, and competitions provide a productive background buzz throughout M&CCE…

read more >