Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial1 contract for a subsea tieback development in the US Gulf of Mexico.
Subsea7's scope of work includes the engineering, procurement, construction, and installation (EPCI) of subsea equipment, including structures, umbilicals, production risers, and flowlines. Project management and engineering work will start immediately at Subsea7's office in Houston, Texas, with offshore activities expected to begin in 2026.
Craig Broussard, Senior Vice President of Subsea7 Gulf of Mexico, said, “We are proud to be part of this high-pressure deepwater subsea tieback development. This project builds on our strong track record of successfully delivering oil and gas projects in the deepwater Gulf of Mexico.”
Subsea7 defines a substantial contract as being between $150 million and $300 million.
