Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.
Egypt,Norway : Subsea 7 wins contract offshore Egypt from Pharaonic Petroleum Company
Publish Date : 25-Oct-2016
Subsea 7 S.A. has won a substantial contract, offshore Egypt, from Pharaonic Petroleum Company which is to be executed at water depths of over 900 metres in the Atoll field. This contract is said to be worth between $150 million and $300 million.
As per the contract, the scope of work includes the engineering, procurement, construction and installation of around 40 kilometres of rigid pipelines and associated structures for the new Atoll field, tying into the existing Taurt field at a water depth of 100 metres. Work also covers installation of a 105 kilometre umbilical linking the Atoll field to shore.
Engineering and procurement services are in progress. Offshore campaigns will be held during the second half of 2017 and the early months of 2018, using the Subsea 7 vessels Seven Borealis, Seven Eagle, and Seven Arctic.
Subsea 7s Region Vice President for Africa, Gilles Lafaye, said, We are delighted to strengthen our presence in Egypt. This substantial contract award recognises our technical expertise and track record of strong execution for Pharaonic Petroleum Company.
