Subsea7 Awarded Contract Offshore Türkiye

Source: www.gulfoilandgas.com 12/30/2024, Location: Europe

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 contract by Turkish Petroleum Offshore Technology Center AS (TP-OTC) to provide inspection, repair and maintenance (IRM) services for the Sakarya gas field development in the Black Sea.

The contract scope includes project management and engineering executed and managed from Subsea7 offices in Istanbul, Türkiye, and Aberdeen, Scotland, as well as the provision of equipment (including two work class remotely operated vehicles) and construction personnel onboard TP-OTC’s light construction vessel Mukavemet. Offshore operations will be executed in 2025 and 2026.

Hani El Kurd, Senior Vice President of UK and Global Inspection, Repair, and Maintenance at Subsea7, said: "We are pleased to have been selected to deliver IRM services for TP-OTC in the Black Sea. This contract demonstrates our strategy to deliver engineering solutions across the full asset lifecycle in close collaboration with our clients. We look forward to continuing to work alongside TP-OTC to optimise gas production from the Sakarya field and strengthen our long-term presence in Türkiye.”

Subsea7 defines a sizeable contract as being between $50 million and $150 million


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