Subsea 7 has won a contract from Pharaonic Petroleum Company for the development of the East Nile Delta Phase 3 Project (END-3) offshore Egypt
Subsea 7 was awarded the contract after a competitive tender process. The value of the contract has not been revealed but according to the company, it is a sizeable contract. Subsea 7 defines a sizeable contract as being worth between US$50mn and US$150mn.
Scope of the project includes installation engineering, procurement and fabrication of rigid spools, and installation of pipeline, umbilical and subsea structures to develop the resources from two wells, including eight kilometres of umbilicals and pipeline. The field development will be at depths of approximately 80-90 metres. Fabrication of spools will be carried out in Egypt, at the yard of local company Petrojet. Offshore installation is scheduled to commence in Q4 2015, using the Subsea 7 vessels Rockwater 2 and Seven Borealis.
Gilles Lafaye, V-President for Africa at Subsea 7, said, “Subsea 7 is pleased to once again provide services for the Taurt and Ha’py field developments. This important award recognises our technical expertise and strong track record of good execution for Pharaonic Petroleum Company and reinforces our presence in Egypt.”
The London-headquartered company had been awarded another contract in Egypt earlier this year, winning a contract from BP and DEA for the development of Taurus and Libra subsea fields offshore Alexandria, Egypt, as a part of the country’s first phase of its West Nile Delta project.
