Subsea 7 lands major contract in Egypt from BP

Subsea 7 has been awarded a major contract by BP and its partner Deutsche Erdoel for the development of the Giza, Fayoum and Raven subsea fields offshore Alexandria, Egypt.

The contract is worth over $750m and includes the engineering, procurement, installation and pre-commissioning of the subsea infrastructure for twelve wells, with 80km of umbilicals and 220km of pipelines. It also includes the installation of the export lines from the subsea location to the Idku terminal.

Øeyvind Mikaelsen, executive VP southern hemisphere and global projects, commented: “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.”

Engineering and project management work commences immediately and offshore installation is scheduled to commence in 2017. Subsea 7 vessels Seven Borealis and Seven Antares will be used for the pipelay while heavy construction vessel, Normand Oceanic being used for other construction activities.