
Thursday, October 15, 2015
Subsea 7 has been awarded a ‘sizable’ contract in Egypt. The contract, the result of a competitive tender, was awarded by Pharonic Petroleum Company.
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 km of umbilicals and pipeline. The field development will be at depths of approx. 80 to 90 meters. Fabrication of spools will be carried out at Petrojet’s yard in Egypt.
Offshore installation is scheduled to commence in Q4 using the Subsea 7 vessels Rockwater 2 and Seven Borealis.
Gilles Lafaye, VP Africa, said: “Subsea 7 is pleased to once again provide services for the Taurt and Ha’py field developments. This important award recognizes our technical expertise and strong track record of good execution for Pharaonic Petroleum Company and reinforces our presence in Egypt.”