Norwegian offshore vessel operator Subsea 7 has announced that it has secured a major contract from BP as part of the deepwater Mad Dog 2 development.
The contract, which has a value between $300m and $500m, covers engineering, procurement, construction and installation (EPCI) of the subsea umbilicals, risers and flowlines (SURF) and associated subsea architecture.
Subsea 7 has worked closely with BP to deliver a lump sum integrated solution from design through to supply, installation and commissioning. Offshore installation activities are scheduled for 2019 and 2020.
“The Mad Dog 2 project is a significant award for Subsea 7. It combines Subsea 7’s capability with our Subsea Integration Alliance value offering to reduce risk and provide lower cost solutions for BP. This project serves as a step-change of how we work in the region and in Subsea 7’s ability to deliver superior value to the industry,” said Craig Broussard, Subsea 7’s vice president for the Gulf of Mexico.