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Subsea 7 Expands Offshore Egypt Backlog

Subsea 7 Expands Offshore Egypt Backlog

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09 December 2016

Subsea 7 has completed offshore operations on the fasttrack East Nile Delta project in the Egyptian sector of the Mediterranean Sea.

During 3Q, the Seven Borealis was engaged in pipelay for the first phase of the West Nile Delta project.

Last month, Subsea 7 secured an EPIC contract for the Atoll project in the same area, lifting the total value of its contract awards offshore Egypt over the past 18 months to almost $1.8 billion.

Elsewhere, the company completed its third seasonal campaign on Statoilís Aasta Hansteen in the Norwegian Sea.

All flowlines and control cables are connected, and the subsea infrastructure is now ready to hook up to the spar platform when it arrives in 2018.

In the UK central North Sea, work on Premierís Catcher project neared completion with installation of a technically complex riser system comprising 10 flexible risers and three umbilicals supported by three large tethered mid-water arches.

During September two vessels left the companyís fleet. The Seven Petrel was sold outside the oil and gas industry and the Normand Seven returned to its owner at the end of its charter contract.

The newbuild PLSV Seven Sun completed final commissioning offshore Brazil and recently started a five-year day rate contract.