Subsea 7 awarded $140 million contract offshore Mexico
LUXEMBOURG -- Subsea 7 has announced an award to its Mexican joint venture from Pemex valued at approximately $140 million. The contract comprises the engineering, fabrication and installation of a 16 km pipe, two slug catchers and two cantilever structures for the Line 60 project in the Bay of Campeche. This contract is the first award to the joint venture.
Project management and engineering have already commenced in offices in Ciudad del Carmen and Houston. Offshore operations are due to commence on Q1 2013, with pipelay activities being conducted in Q3 2013 with the Seven Borealis.