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Oil & Gas

Subsea 7 awarded Atoll field contract offshore Egypt

Posted: October 20, 2016 at 12:45 pm   /   by   /   comments (0)

subseaSubsea 7 S.A. announced the award of a substantial* contract, offshore Egypt, by Pharaonic Petroleum Company to be executed at water depths of  over 900 metres in the Atoll field.

The contract scope includes the engineering, procurement, construction and installation of more  than 40 kilometres of rigid pipelines and associated  structures for the new Atoll field, tying into the  existing Taurt field at a water depth of 100 metres.  A 105 kilometre umbilical will also be installed  linking the Atoll field to shore.

Engineering and procurement services have already  commenced. Offshore campaigns will take place in the second half of 2017 and the early months of 2018, using the Subsea 7 vessels Seven Borealis, Seven Eagle, and Seven Arctic.

Subsea 7’s Region Vice President for Africa, Gilles Lafaye, said: “We are delighted to strengthen our  presence in Egypt. This substantial contract award 
recognises our technical expertise and track record of  strong execution for Pharaonic Petroleum Company”.

* Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million.

(Subsea 7 Press Release)

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