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  • Subsea 7 awarded contracts offshore Saudi Arabia
    édité le 06/09/2019 - Plus de news de "Subsea 7" - Voir la fiche entreprise de "Subsea 7"


Subsea 7 awarded contracts offshore Saudi Arabia
Subsea 7 S.A. announced the award of three contracts, together representing a sizeable(1) award for Subsea 7, by Saudi Aramco under the Long Term Agreement between the parties for execution offshore Saudi Arabia.

The engineering, procurement, construction and installation (EPCI) contracts are awarded for execution in consortium with L&T Hydrocarbon Engineering (LTHE), a subsidiary of Larsen & Toubro.

The consortium’s workscope consists of EPCI for a total of 28 Jackets comprised of eight new jackets to be installed in the Marjan and Zuluf fields, ten Jackets in the Safaniya and Zuluf fields (including a pipeline decommissioning scope) and a further ten Jackets in the Zuluf and Ribyan fields. Work shall commence immediately and offshore execution is due to take place in 2020.

Adzariat Monergi, Subsea 7’s Vice President Middle East said, “These three new awards reflect the good execution and reliable performance that Subsea 7 and LTHE bring to the offshore sector in the Kingdom of Saudi Arabia. We look forward to continuing our long-term relationship with Saudi Aramco, delivering these projects safely and efficiently.”

(1) Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million. This value range refers to Subsea 7’s share ofthe consortium contract.

About Subsea 7

Subsea 7 (Oslo Børs: SUBC, ADR: SUBCY, ISIN LU0075646355) 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.

About Larsen & Toubro

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 20 billion in revenue. It operates in over 30 countries worldwide. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

About Saudi Aramco

Saudi Aramco is a leading global integrated energy and chemicals company. We are driven by the core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s oil supply to developing new energy technologies, our global team is dedicated to creating impact in all that we do. We focus on making our resources more dependable, more sustainable and more useful. This helps promote stability and long-term growth around the world.
“We are counting on the long-standing relationship between Saudi Aramco and SABIC on one side, and KBR on the other, to develop this preliminary engineering package for the world-class complex.” says Fahad E. Al-Helal, vice president of Project Management.


Origine : Communiqué Subsea 7

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