Subsea 7 moves through order book
With fabrication under way for Phase Two on the Giza, Fayoum, and Raven fields, Subsea 7 says the last stage of the offshore campaign is in progress for Phase One of the West Nile Delta project on the Taurus and Libra fields, located in the Egyptian sector of the Mediterranean Sea. The company’s work on the East Nile Delta project is substantially completed and its engineering teams have mobilized for the newly awarded Atoll project.
The company has been awarded several contracts by the project operator BP and partner DEA since 2015 to cover the first and second phases. Subsea 7 was contracted that year for the engineering, procurement, installation, and pre-commissioning of subsea infrastructure for nine wells, including 75 km (46.6 mi) of umbilicals and 100 km (62 mi) of pipeline. In 2016, an EPCI contract for development of the Giza, Fayoum, and Raven gas fields offshore Alexandria, Egypt. The latter award was related to subsea infrastructure associated with 12 wells and includes 80 km (49.7 mi) of umbilicals, 220 km (137 mi) of pipelines, and installation of the export lines from the subsea location to the onshore Idku terminal.
Subsea 7 is cautiously optimistic about future prospects. It said that a degree of stability had been achieved, and that there are indications that project sanctions will increase.
(Source: Offshore Magazine)