Subsea7 announced the award of a sizeable(1) contract by Ithaca Energy, for the provision of off-station decommissioning services for the Alba Floating Storage Unit and Greater Stella field FPF-1 production facility, approximately 230 kilometres east of Aberdeen.

This decommissioning scope includes the flushing of the subsea pipelines, provision of diver support vessel services, and seabed clearance.

Project management and engineering will commence immediately at Subsea7’s office in Aberdeen. Offshore activities are scheduled to commence in Q2 2026.

Hani El Kurd, Senior Vice President of UK and Global Inspection, Repair and Maintenance, Subsea7, said: “This award provides an excellent opportunity to further demonstrate the extent of our three decades of full-field proven decommissioning expertise and our capability in delivering complex, safe and effective solutions.

"Subsea7 is proud of its longstanding relationship with Ithaca Energy, which began in 2008, and looks forward to collaborating closely throughout this project to combine our expertise and ensure its successful delivery.”

(1) Subsea7 defines a sizeable contract as being between $50 million and $150 million

About Subsea7

Subsea7 is a global leader in the delivery of offshore projects and services for the energy industry.
Subsea7 makes offshore energy transition possible through the continuous evolution of lower-carbon oil and gas and by enabling the growth of renewables and emerging energy.

About Ithaca Energy plc

Ithaca Energy is a leading UK independent exploration and production company with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programmes and acquisitions and has seen a period of significant M&A driven growth centred upon three transformational acquisitions in recent years, including the recent Business Combination with Eni UK. Today, Ithaca Energy is one of the largest independent oil and gas companies in the United Kingdom Continental Shelf (the “UKCS”), ranking second largest independent by production with the largest resource base.

With stakes in six of the ten largest fields in the UKCS and two of UKCS’s largest pre-development fields, and with energy security currently being a key focus of the UK Government, the Group believes it can utilise its significant reserves and operational capabilities to play a key role in delivering security of domestic energy supply from the UKCS.

Ithaca Energy serves today’s needs for domestic energy through operating sustainably. The Group achieves this by harnessing Ithaca Energy’s deep operational expertise and innovative minds to collectively challenge the norm, continually seeking better ways to meet evolving demands.

Ithaca Energy’s commitment to delivering attractive and sustainable returns is supported by a well-defined emissions-reduction strategy with a target of achieving net zero ahead of targets set out in the North Sea Transition Deal.

Ithaca Energy plc was admitted to trading on the London Stock Exchange (LON: ITH) on 14 November 2022.