BRIEF-Subsea Integration Alliance Awarded Contract Offshore Senegal

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BRIEF-Subsea Integration Alliance Awarded Contract Offshore Senegal
Credit: © Reuters.

Jan 10 (Reuters) - Subsea 7 SA SUBC.OL :

* REG-SUBSEA INTEGRATION ALLIANCE AWARDED CONTRACT OFFSHORE SENEGAL

* THIS CONTRACT WAS INITIALLY AWARDED IN DECEMBER 2018 SUBJECT TO FINAL INVESTMENT DECISION, WHICH HAS NOW OCCURRED

* OFFSHORE ACTIVITIES WILL TAKE PLACE FROM 2021 TO 2023 USING SUBSEA 7'S REEL-LAY, FLEX-LAY AND LIGHT CONSTRUCTION VESSELS

* DEVELOPMENT WILL INCLUDE 23 WELLS, 107 KM OF RIGID FLOWLINES, 28 KM OF FLEXIBLE RISERS AND JUMPERS, AND 45 KM OF UMBILICALS IN WATER DEPTHS BETWEEN 700 METRES AND 1400 METRES

* SUBSEA 7 DEFINES A VERY LARGE CONTRACT AS BEING BETWEEN USD 500 MILLION AND USD 750 MILLION. THIS VALUE RANGE REFERS TO SUBSEA 7'S SHARE OF CONSORTIUM CONTRACT AND WILL BE INCLUDED IN SUBSEA 7'S ORDER INTAKE FOR Q1 2020

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