Subsea 7 awarded contract in Gulf of Mexico
Luxembourg -- Subsea 7 has been awarded a contract in the United States-Gulf of Mexico by Freeport McMoRan Oil & Gas in support of its development of the KOQV and Holstein Deep fields. The contract value is in excess of $50 million.
The scope of work covers the installation of flexible pipelines and umbilicals for both fields, with the offshore installation phase expected to be executed by the Subsea 7 vessel the Seven Seas in the fourth quarter of 2015. Onshore project management and engineering will be carried out from the company’s Houston office.