Subsea 7 has secured an engineering, procurement, construction, and installation (EPCI) contract for a two-phase subsea development.
The Subsea and Conventional unit of the company recorded the first phase in the backlog of the second quarter of 2023.
The client must still approve the second phase, which is anticipated to begin in 2024.
The contract is said to be worth more than $750m, however, the Norway-listed subsea installation specialist did not reveal the project name and client.
According to the initial scope of work, Subsea 7 will be responsible for the EPCI of approximately 37km of infield flowlines, 47km of control umbilicals and associated subsea equipment in water depths of 2,000m.
Additional FEED studies and possibilities to broaden the scope of the work are also included in the contract.
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Subsea 7 noted that project management and engineering will be led by the local office and offshore activities relating to the initial scope are expected between Q2 2025 and Q3 2025.
The company did not reveal any additional details because of contractual constraints.
Early this month, UK energy giant bp selected Subsea Integration Alliance for the Raven Infills project off-coast Egypt.
The contract is for a two-well tieback in the West Nile Delta block. It covers the engineering, procurement, transport and installation of nearly 6km of flexible pipes, umbilical and associated subsea structures at a depth of some 800m.
In February, a consortium of Subsea 7 and DeepOcean secured two contracts from Norwegian firm Equinor to support the development of the Irpa and Verdande fields, located offshore in the Norwegian Sea.
Under the contract, the Subsea 7 and DeepOcean consortium is responsible for the engineering, transportation and installation of a monoethylene glycol (MEG) pipeline, production riser, subsea structures, umbilical and tie-ins.