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Oil & Gas

Subsea 7 awarded contract for offshore East Nile project

Posted: October 14, 2015 at 1:33 pm   /   by   /   comments (0)

Subsea 7

Subsea 7 S.A. announced the award of a sizeable* contract to Subsea 7 by Pharaonic Petroleum Company S.A.E. for the development of the 
East Nile Delta Phase 3 Project (END-3). This award 
was the result of a competitive tender process.

The project scope includes installation engineering, procurement and fabrication of rigid spools, and 
installation of pipeline, umbilical and subsea 
structures to develop the resources from two wells 
including 8 kilometres of umbilicals and pipeline. The 
field development will be at depths of approximately 
80 to 90 metres.

Fabrication of spools will be carried out at 
Petrojet’s yard in Egypt. Offshore installation is  scheduled to commence in the fourth quarter of 2015 
using the Subsea 7 vessels Rockwater 2 and Seven Borealis.

Gilles Lafaye, Vice President Africa, said: “Subsea 7 is pleased to once again provide services for the Taurt and Ha’py field developments. This important award recognises our technical expertise and strong track record of good execution for Pharaonic Petroleum Company and reinforces our presence in Egypt.”

Rockwater2

Rockwater 2 Vessel (Source: Subsea 7 Website)

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

(Subsea 7 Press Release)

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