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Subsea 7 wins Pharonic Petroleum contract in Egypt

UK-based Subsea 7 has been awarded a contract via a tender process from Pharaonic Petroleum Company in Egypt for the development of the East Nile Delta phase 3 project .

The project is scheduled to commence this year and includes installation engineering, procurement and fabrication of rigid spools, and installation of pipeline, umbilical and subsea structures to develop the resources from two wells including 8km of umbilicals and pipeline. Two Subsea 7 vessels, Rockwater 2 and Seven Borealis, will be utilised with the field development at depths of around 80m to 90m.

Gilles Lafaye, Vice President Africa for Subsea 7, commented: “Subsea 7 is pleased to once again provide services for the Taurt and Ha’py field developments. This important award recognises our technical expertise and strong track record of good execution for Pharaonic Petroleum Company and reinforces our presence in Egypt.”

Subsea 7 defines the contract as “sizeable” and so placing its value somewhere between $50m and $150m.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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