Oslo-listed offshore contractor Subsea 7 has won a third contract in as many weeks.
The project involves engineering and offshore installation of flexible pipes, umbilicals, subsea equipment, and a mooring system.
Project management and engineering activities will begin immediately at Subsea 7’s office in Houston, Texas, with offshore operations expected to start in 2027. The company provided no details regarding the client or the project.
No precise information regarding the financial part was given, but Subsea 7 described the deal as substantial, placing it in the $150m to $300m range.
Last week, the company announced that it secured a contract for work on Equinor’s Fram Sør development project off Norway.
The project’s work scope encompasses engineering, procurement, construction, and installation of subsea structures and flowlines, including 53 km of production, gas lift, and water injection lines. It also includes the installation of the umbilical system. The deal is in the $300m to $500m range.
Earlier this month, Subsea 7 bagged a sizeable EPCI deal for a subsea development offshore Egypt.
The project, valued by the company between $50m and $150m, involves the installation of flexible pipelines, umbilicals, and associated subsea infrastructure to support a tie-back to existing offshore facilities.
