Subsea 7 has been awarded a $500million contract by BP, and partner DEA, for the West Nile Delta project in Egypt.
The work involves the development of the Taurus and Libra subsea fields offshore Alexandria. The contract is the first phase of the West Nile project where field
development will be at depths of 800 metres.
Subsea 7 will deliver engineering, procurement, installation and pre-commissioning of subsea infrastructure for nine wells and includes 75km of umbilicals and 100km of pipeline.
Engineering and project management is being carried out at Subsea 7’s global projects centre in London. Fabrication of subsea structures and spools will be carried out at the Petrojet Maadia yard near Alexandria.
Offshore installation is scheduled for the second half of 2016 using the Subsea 7 pipelay vessel, Seven Borealis, and heavy construction vessel, Seven Arctic.
Executive vice president for the southern hemisphere and global projects, Øeyvind Mikaelsen, said: “We look forward to expanding our presence in Egypt and building on our long, successful and collaborative relationship with BP.”
The announcement comes after Subsea 7 confirmed it would save $400million through workforce reductions.