Oil & Gas News

Subsea 7 Awarded Contract Offshore Egypt

Subsea 7 S.A. has announced the award of a substantial* contract, offshore Egypt, by Pharaonic Petroleum Company to be executed at water depths of over 900 meters in the Atoll field.

The contract scope includes the engineering, procurement, construction and installation of more than 40 kilometers of rigid pipelines and associated structures for the new Atoll field, tying into the existing Taurt field at a water depth of 100 meters. A 105 kilometer umbilical will also be installed linking the Atoll field to shore.

8SevenBorealisSeven Borealis. Photo courtesy: Subsea 7

Engineering and procurement services have already commenced. Offshore campaigns will take place in the second half of 2017 and the early months of 2018, using the Subsea 7 vessels Seven Borealis, Seven Eagle, and Seven Arctic.

Subsea 7's Region Vice President for Africa, Gilles Lafaye, said: "We are delighted to strengthen our presence in Egypt. This substantial contract award recognizes our technical expertise and track record of strong execution for Pharaonic Petroleum Company".

* Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million.

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