Subsea7 has won a “substantial” contract for a subsea tieback development in the US Gulf of Mexico for an undisclosed client.
Exact terms of the deal were not revealed, though the Luxembourg-based subsea contractor deems a contract “substantial” when its value falls between $150 million and $300 million.
The work will include engineering, procurement, construction and installation (EPCI) of subsea equipment, including structures, umbilicals, production risers and flowlines, Subsea said Wednesday.
Offshore activities for the project are expected to begin in 2026, according to Subsea.
Source: By Robert Stewart from upstreamonline.com