Subsea 7 S A : Expected contract award, offshore Brazil
June 01, 2021 at 08:39 am EDT
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01 Jun 2021
Expected contract award, offshore Brazil
Subsea 7 announced today that Subsea Integration Alliance(1) anticipates final confirmation of a major(2) contract award by Equinor in the near future.
If confirmed, it is envisaged that the project work scope will cover engineering, procurement, construction and installation (EPCI) of the subsea pipelines (SURF) and production systems (SPS) for the Bacalhau field, located 185 kilometres from the coast of the state of São Paulo, Brazil. Offshore activities would take place from 2022 to 2023.
It is expected that the contract will be recorded in backlog in the second quarter 2021.
(1) Subsea Integration Alliance is a non-incorporated strategic global alliance between Subsea 7 and OneSubsea®, the subsea technologies, production and processing systems division of Schlumberger, bringing together field development planning, project delivery and total lifecycle solutions under an extensive technology and services portfolio. As one team, Subsea Integration Alliance amplifies subsea performance by helping customers to select, design, deliver and operate the smartest subsea projects. This eliminates costly revisions, avoids delays and reduces risk across the life of field. For more information, visit www.subseaintegrationalliance.com.
(2) Subsea 7 defines a major contract as being one where Subsea 7's share of revenue is over USD 750 million.
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Subsea 7 SA published this content on 01 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2021 12:38:03 UTC.
Subsea 7 S.A. is a world leader in offshore engineering, construction, and installation services for the oil and gas industry. Net sales break down by activity as follows:
- subsea infrastructure construction and installation services (82.3%): gas pipelines, oil pipelines, umbilicals, etc.;
- offshore installations maintenance and repair services (16%);
- other (1.7%).
Net sales are distributed geographically as follows: Norway (22%), Brazil (18.8%), the United Kingdom (16.7%), the United States (10.6%), Taiwan (6%), Australia (4.1%), Saudi Arabia (3.8%) and other (18%).