Subsea 7 Awarded Contract Offshore Egypt

Subsea 7 S.A. announced Friday that it has been awarded a contract worth over $750 million contract by BP, and its partner DEA (Deutsche Erdoel AG), for the development of the Giza, Fayoum and Raven subsea fields offshore Alexandria, Egypt.

The contract scope includes engineering, procurement, installation and pre-commissioning of subsea infrastructure from twelve wells, with 49 miles of umbilicals and 136 miles of pipelines. It also includes the installation of the export lines from the subsea location to the Idku terminal. Work under this contract is part of the second phase of the West Nile Delta project, where field development will be at depths of up to approximately 2,624 feet.

Engineering and project management work will commence immediately, according to a statement from Subsea 7. Offshore installation is scheduled to commence in two stages, with the first stage starting in 2017 and comprising the landfall and shallow water pipelay. The second stage, commencing in 2018, will involve the installation of deepwater pipelines and execution of the SURF scope. Subsea 7 vessels Seven Borealis and Seven Antares will be used for the pipelay, with the heavy construction vessel, Normand Oceanic, being used for the other construction activities.

Øeyvind Mikaelsen, Subsea 7’s executive vice president for southern hemisphere and global projects said in a company statement:

“This major contract awarded by BP recognises our performance during the first phase of the West Nile Delta project and allows us to deliver synergies across multiple work packages. Our early engagement on this project has enabled BP and Subsea 7, together with DEA, to develop an optimised solution for the development of the Giza, Fayoum and Raven fields and demonstrates the effective collaboration between us. We look forward to consolidating our presence in Egypt and building on our long and successful relationship with BP.”



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