Subsea 7 Secures Major Offshore Contract in Egypt
Subsea 7 Awarded Contract Offshore Egypt
Subsea 7 S.A. (Oslo Børs: SUBC, OTC: SUBCY) has announced a major achievement with the award of a substantial contract offshore Egypt. This project highlights the company's ongoing commitment to expanding its reach in the energy sector.
Project Overview
This contract involves critical responsibilities, including the engineering, procurement, commissioning, and installation of flexible pipelines, umbilicals, and related subsea components. Such advancements will facilitate a tie-back to existing infrastructures and enhance operational efficiency.
Engineering and Management
The project management and engineering tasks will commence promptly at Subsea 7's offices in France, Portugal, and Egypt. Intense offshore activity is projected to initiate in 2026, indicating swift progress in the project's timeline.
Expert Insights
David Bertin, Subsea 7's Senior Vice President GPC East, shared his enthusiasm: "Our early engagement has been instrumental in shaping a shared vision and delivering innovative, efficient solutions. This award signifies our collaboration’s strength, showcasing our dedication to high-quality execution. We are excited to support our client in enabling an important project in Egypt."
Subsea 7's Role in Energy Transition
As a leader in offshore project delivery, Subsea 7 is dedicated to sustainable energy solutions. The company's expertise creates value, ensuring it remains the partner of choice in providing the efficient offshore solutions the global market demands.
Contact Information
For Investment Community Inquiries:
Katherine Tonks
Investor Relations Director
Tel: +44 20 8210 5568
Email: ir@subsea7.com
For Media Inquiries:
Hariom Cavalcante
Communications Manager
Tel: +33 59 69 01 02
Email: Hariom.Cavalcante@subsea7.com
Subsea 7 Overview
Subsea 7 is publicly traded and listed on the Oslo Børs under the symbol SUBC. The company's mission is to facilitate the energy transition and support sustainable practices worldwide, contributing to significant projects that meet evolving energy demands.
Frequently Asked Questions
What is the significance of the contract awarded to Subsea 7?
The contract signifies Subsea 7's commitment to expanding its operations in the offshore arena, specifically in Egypt, showcasing their engineering proficiency.
When will offshore activities commence for this project?
Offshore activities are expected to begin in 2026, with initial project management and engineering work starting immediately.
What is Subsea 7's global role?
Subsea 7 is a global leader in delivering offshore projects, providing innovative solutions that support the energy industry's transition.
Who can be contacted for investment inquiries?
For investment inquiries, Katherine Tonks, the Investor Relations Director, is available at +44 20 8210 5568.
What are the areas of expertise for Subsea 7?
Subsea 7 specializes in engineering, procurement, installation, and project management related to subsea infrastructures.
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