Subsea 7 Secures END-3 Services Contract

Subsea 7 S.A. has secured a services contract with Pharaonic Petroleum Company S.A.E. for the development of the East Nile Delta Phase 3 Project (END-3), offshore Egypt.

The contract, which is valued at between $50 million and $150 million, will see Subsea conduct operations including installation engineering, the procurement and fabrication of rigid spools, and the installation of pipeline, umbilical and subsea structures to develop the resources from two wells. Offshore installation is scheduled to commence in the fourth quarter of 2015 using the Subsea 7 vessels Rockwater 2 and Seven Borealis.

Subsea 7 Vice President Africa, Gilles Lafaye, commented in a company statement:

"Subsea 7 is pleased to once again provide services for the Taurt and Ha'py field developments. This important award recognises our technical expertise and strong track record of good execution for Pharaonic Petroleum Company and reinforces our presence in Egypt."



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
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)
 -  Proserv Secures Series of Services Dea... (May 23)
 -  BP Urges Engineers to Apply for Trinid... (May 23)
 -  CGG to Support Oman Industry Workers t... (May 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Substation PM - C
Expertise: Electrical Engineering
Location: Houston, TX
 
Administrative Assistant I - Plant
Expertise: Secretarial or Administrative
Location: Kermit, TX
 
Entry Level Engineer - UBA
Expertise: Subsea Engineering
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $54.15/BBL 0.51%
Light Crude Oil : $51.47/BBL 1.45%
Natural Gas : $3.22/MMBtu 3.30%
Updated in last 24 hours