Subsea 7 JV Wins Pemex Contract

Oilfield services firm Subsea 7 announced Thursday that its Mexican joint venture has been awarded a $140 million contract from Petróleos Mexicanos (Pemex).

Subsea 7 reported that the contract comprises the engineering, fabrication and installation of a 10-mile pipe, two slug catchers and two cantilever structures for the Line 60 Project in the Bay of Campeche. This contract is the first award to Subsea 7's joint venture, it added.

Subsea 7 said that project management and engineering has already begun at its offices in Ciudad del Carmen and Houston. Offshore operations are due to start in the first quarter of this year, with pipe laying activities being conducted in 3Q 2013 with the Seven Borealis vessel.

Subsea 7 Vice President of Mexico Ian Cobban commented in a company statement:

"Subsea 7 Mexico is very pleased to be awarded this first contract in Mexico. It represents a fine example of one of our core values – collaboration. We look forward to delivering this key field development and in doing so further strengthening our relationship with Pemex."

 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)
 -  Irish Gas Grid Could Receive LNG from ... (Jul 19)
 -  What's It Take to Land a Job as a Petr... (Jul 14)


Most Popular Articles

From the Career Center
Jobs that may interest you
Load Planner/ Dispatcher Frac Sand
Expertise: Dispatcher|Project Management
Location: Mansfield, TX
 
Lead I&E Technician
Expertise: Instrumentation Technician
Location: Lafayette, LA
 
Lead Mechanic
Expertise: Mechanic
Location: Lafayette, LA
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours