UK-based Subsea 7 has received a contract from Freeport-McMoRan Oil & Gas in support of its development of the KOQV and Holstein Deep fields.

As part of the $50m contract, Subsea 7 will install flexible pipelines and umbilicals for both fields in the US Gulf of Mexico.

According to Subsea 7, the offshore installation phase is expected to be executed by its vessel ‘The Seven Seas’ in the fourth quarter of 2015.

The company’s office in Houston, Texas, will carry out the onshore project management and engineering.

"Subsea 7’s track record in managing and executing projects of this nature, working closely with the client, was key to our success in securing this contract."

Subsea 7 Africa and Gulf of Mexico senior vice-president Olivier Carré said: "This is the first deepwater project for Freeport-McMoRan Oil & Gas and we look forward to building and developing our partnership with them.

"Subsea 7’s track record in managing and executing projects of this nature, working closely with the client, was key to our success in securing this contract."

Subsea 7 is said to be one of the world’s leading global contractors in seabed-to-surface engineering, construction and services to the offshore industry.

The company provides technical solutions to enable the delivery of complex projects in all water depths and challenging environments.

Freeport-McMoRan Oil & Gas has reserves in the deepwater Gulf of Mexico, onshore and offshore California, offshore Morocco, Eagle Ford and Haynesville Shale plays.

Energy