Subsea 7 S.A. (the Group) (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a contract by Tullow Ghana Limited on the Jubilee field, offshore Ghana, in water depths of up to 1000 meters. The engineering, procurement, construction and installation (EPCI) contract is awarded under a consortium comprising Subsea 7 Volta Contractors and NOV Oil & Gas Services Ghana Ltd. This award is a sizeable(1) contract for Subsea 7.
Subsea 7’s scope of work includes the installation of the Buoy Turret Loading (BTL) system from APL, a group within NOV Completion & Production Solutions, with associated suction piles and EPCI activities including two offloading lines for the BTL and the additional hang-off platform and skid for the FPSO. A significant part of the fabrication will be completed locally, in Ghana, and the offshore installation will take place in 2020.
Gilles Lafaye, Subsea 7’s Vice President Africa Region, said: “This award reflects our early engagement in design and engineering and the consortium’s experience in comparable projects within the region. This project builds upon our presence in the Ghanaian market and our long-term relationship with Tullow.”
1. Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.
Source: Subsea 7