Another Major Contract Award for Subsea 7 Offshore Saudi Arabia
Subsea 7 announced the award of a large(1) contract by Saudi Aramco for Marjan Increment Projects - Package 2, offshore Saudi Arabia.
The engineering, procurement, construction and installation (EPCI) contract is awarded for execution in consortium with L&T Hydrocarbon Engineering (LTHE), a subsidiary of Larsen & Toubro.
The consortium’s workscope consists of EPCI of new tie-in platforms, production deck manifolds, approximately 217 kilometers of rigid pipelines, approximately 145 kilometers of power cables, and a fiber optic cable in the Marjan field in water depths of approximately 45 to 52 meters. Offshore execution is due to take place in 2021 and 2022.
Adzariat Monergi, Subsea 7’s Vice President Middle East said, “This award builds on our track record of reliable project execution in the Kingdom of Saudi Arabia, and the close collaboration we enjoy with LTHE. We look forward to continuing our successful relationship with Saudi Aramco, supported by the recent offshore completion of several projects.”
(1) Subsea 7 defines a large contract as between USD 300 million and USD 500 million. This value range refers to Subsea 7’s share of the consortium contract