news Offshore Markets & tradeOperational risk Splash247
Offshore engineering and services player Subsea7 has been awarded a contract for ConocoPhillips’ Previously Produced Fields (PPF) development offshore Norway. Subsea7’s scope covers engineering, procurement, construction and installation of subsea structures, umbilicals, risers and flowlines. It follows the award of a contract for front-end engineering and design that finalised the technical definition of the development. The FEED contract was awarded in May this year. Engineering and project management will begin immediately at the company’s Norwegian office, with the main offshore campaigns scheduled for 2027 and 2028. The contract is subject to the approval of the plan for development and operations set to be submitted to the Norwegian Ministry of Energy in the first quarter of 2026. The contract size is between $300m ($29.5m) and $500m ($49m). ConocoPhillips greenlit the $1.8bn project earlier this week. The PPF project involves the joint redevelopment of the Albuskjell, Vest Ekofisk, and Tommeliten Gamma fields, with recoverable gas condensate resources estimated at 90m to 120m barrels of oil equivalent. The Previously Produced Fields are located in the Greater Ekofisk Area, approximately 290 km southwest of Stavanger. The PPF development will be connected to the existing Ekofisk complex. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsNorway
Subsea7 bags contract on $1.8bn redevelopment project off Norway
Splash247
Read full article at Splash247 →
Opens Splash247 in a new tab