Subsea 7 Awarded $50 Million Contract for Deepwater GOM Installation
Subsea 7 has been awarded a contract by Petrobras America for installation works in the deepwater Cascade & Chinook fields in the Gulf of Mexico. The contract is valued in excess of US $50 million.
Subsea 7 is to engineer and install 70 km of power cables and control umbilicals and fabricate and install 16 jumpers in the Cascade & Chinook fields, located at Block 425 of Walter Ridge area in water depths ranging from 2,300m to 3,000m.
Work will commence immediately with the Project Management and Engineering team located in Subsea 7's offices in Houston. Fabrication of the jumpers will be carried out at Subsea 7's logistic base in Mobile, Alabama. The offshore installation campaign will be carried out by one of Subsea 7's deepwater umbilical installation vessels late 2009 and early 2010. The final selection of vessel will be dependant on the size and weight of product to be installed following optimisation by Petrobras and Subsea 7.
Bill Boyle, Subsea 7's North and Central America Vice President stated, "The award of this very challenging installation contract confirms Subsea 7's position as the subsea partner of choice for deepwater umbilical installation and construction in the Gulf of Mexico. It builds on Subsea 7's already very strong and historic partnership with Petrobras in Brazil."
The Cascade and Chinook fields are being developed using a Floating Production Storage and Offloading facility (FPSO) to be installed in 2010. This is the first time such a development concept has been used in the American waters of the Gulf of Mexico.
- Brand Finance Ranks Most Valuable, Strongest Oil and Gas Brands
- Canacol Makes New Gas Discovery in Colombia's Magdalena Basin
- Egypt Plans to Meet Summer Fuel Needs with LNG Imports
- FortisBC Denies Gas Greenwashing as Suit Awaits
- Credit Agricole Helps NGP Secure Funds for Fishery-Solar Projects in Taiwan
- Oil and Gas Executives Predict WTI Oil Price
- Industry Protests Proposed Methane Fee Guidelines for O&G Facilities in US
- Exxon, Cnooc Merge Guyana Arbitration Claims Against Chevron
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- USA Oil and Gas Job Figures Jump
- Blockchain Demands Attention in Oil and Gas
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension