Subsea 7 announced the award of a sizeable(1) contract by Chevron for the development of the Ballymore project offshore US Gulf of Mexico, in water depths of up to 6,550 feet.

The project covers the installation of a Steel Catenary Riser (SCR), flowline and control system. Subsea 7 has supported Chevron with early engineering prior to the award. The offshore scope will be executed in 2023.

Project management and engineering will take place in Subsea 7’s office in Houston, Texas.

Craig Broussard, Vice President for Subsea 7 US, said: "The Ballymore project is an excellent example of how we continue to build on our collaborative engagement with Chevron. We have been working together to drive value creation through early engagement, optimising project delivery and accelerating first oil. The relationship allows for a best-in-class project delivery of this tie back development.”

(1) Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million

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 Chevron

Chevron (NYSE: CVX) is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines.