Subsea 7 awarded new EPCI contract

Subsea 7 has been awarded a substantial contract by an unnamed client worth between $150m and $300m.

The award, made to a consortium including Subsea 7, comprises engineering, procurement, construction, and installation (EPCI) of offshore facilities, subsea pipelines, and associated infrastructure.

Project management and engineering will commence immediately, and offshore activities are scheduled to start in the third quarter of 2024. The deal will be booked in the backlog of subsea and conventional business unit in the first quarter of 2022.

The Oslo-listed company has not disclosed any further details due to contractual obligations.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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