Subsea 7 announced the award of a large (1) contract by Conoco Phillips Australia Barossa Pty Ltd to deliver the SURF scope for the Barossa Project (2). The Barossa field is located 300 km offshore Darwin in the Northern Territory of Australia.

Subsea 7’s scope of work includes project management, engineering, procurement, fabrication, transportation, installation and pre-commissioning of 36 km of flowlines and associated client-supplied risers, umbilicals and subsea structures in water depths between 230 and 270 metres. The offshore work scope is scheduled to occur in 2022 and 2023, using Subsea 7’s reel-lay and heavy construction vessels.

Andy Woolgar, Vice President Australia and New Zealand for Subsea 7, said: “We are delighted to be working on this prestigious project which will utilise the full range of installation and pipelay capabilities that we have in Australia and illustrates how Subsea 7’s global technology portfolio allows us to deliver cost-effective solutions to our clients worldwide.”

(1) Subsea 7 defines a large contract as between USD 300 million and USD 500 million.
(2) The Barossa Project is a Joint Venture between ConocoPhillips Australia Barossa Pty Ltd (the Operator) (37.5%), SK E&S Australia Pty Ltd (37.5%) and Santos Offshore Pty Ltd (25%). The development is currently awaiting final investment decision.

About Subsea 7

Subsea 7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs. Subsea 7 is listed on the Oslo Bors (SUBC).

About ConocoPhillips

ConocoPhillips (NYSE: COP) is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 17 countries, $71 billion of total assets, and approximately 10,900 employees as of June 30, 2019. Production excluding Libya averaged 1,303 MBOED for the six months ended June 30, 2019, and proved reserves were 5.3 BBOE as of Dec. 31, 2018.