Subsea 7, a global leader in offshore services, announced this Thursday it secured a contract for an offshore project in the US Gulf of Mexico. The contract is for subsea installation services related to Beacon Offshore Energy’s Shenandoah Development. This project is located offshore the Gulf of Mexico in water depths up to 6,300 feet.
Firstly, as outlined above, Subsea 7 is a global leader in the delivery of offshore projects and services for the evolving energy industry. Over the years it has created sustainable value; as it has become the industry’s partner and employer of choice in delivering the efficient offshore solutions the industry needs.
Moreover, the project awarded to the company includes the tie-back of four subsea wells to the Shenandoah host facility; through a subsea manifold with dual flowlines and risers. Also, the work scope includes engineering, procurement, construction; installation, and commissioning (EPIC) of the subsea equipment including structures; umbilicals, and production and gas export flowlines.
In addition, the company’s scope also includes the wet tow and hook-up of the semi-submersible FPS to the field and mooring system installation. The company calculates the overall value of the project between $150 and $300 million.
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Subsea 7 to keep strengthening its capabilities
Furthermore, according to the statement, project management and engineering will commence immediately at Subsea 7’s offices in Houston. At the same time, fabrication of the flowlines and risers will take place at Subsea 7’s spool base in Ingleside, Texas. Subsea 7 expects to begin offshore operations by 2024.
Craig Broussard, Vice President for Subsea 7 US, said about the matter. “This project allows Subsea 7 to demonstrate the full capacity of our offering, including our extensive involvement in mooring and installation of host facilities, EPIC activities related to the flowline system, and utilizing our industry-leading experience and welding capabilities to support the development of high-pressure fields.”
He also remarked. “We are pleased to have been selected as a partner for the delivery of the Shenandoah development.”
Finally, the executive commented. “We look forward to building on the collaborative approach demonstrated by the Shenandoah project to form a long-term cooperative relationship in support of Beacon Offshore Energy’s future growth plans.”
