Subsea 7 awarded contract offshore Egypt

Source: Subsea 7

Subsea 7 S.A. announced the award of a substantial contract, offshore Egypt, by Pharaonic Petroleum Company to be executed at water depths of over 900 metres in the Atoll field.

Subsea 7 S.A. announced the award of a substantial* contract, offshore Egypt, by Pharaonic Petroleum Company to be executed at water depths of over 900 metres in the Atoll field.

The contract scope includes the engineering, procurement, construction and installation of more than 40 kilometres of rigid pipelines and associated structures for the new Atoll field, tying into the existing Taurt field at a water depth of 100 metres. A 105 kilometre umbilical will also be installed linking the Atoll field to shore.

Engineering and procurement services have already commenced. Offshore campaigns will take place in the second half of 2017 and the early months of 2018, using the Subsea 7 vessels Seven Borealis, Seven Eagle, and Seven Arctic.

Subsea 7's Region Vice President for Africa, Gilles Lafaye, said, "We are delighted to strengthen our presence in Egypt. This substantial contract award recognises our technical expertise and track record of strong execution for Pharaonic Petroleum Company."

* Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs