Global Leader in International Subsea Industry News

posted in:

Subsea 7 - www.youroilandgasnews.com

Subsea 7 awarded $140 million contract offshore Mexico

Thursday, Jan 10, 2013

Subsea 7 S.A. (Oslo Børs: SUBC) today 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 16km 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 our 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.

Ian Cobban, Subsea 7´s Vice President Gulf of Mexico, said "Subsea 7 Mexico is very pleased to be awarded this first contract in Mexico. It represents a fine example of one of our core values – collaboration. We look forward to delivering this key field development and in doing so further strengthening our relationship with Pemex."

Source: Subsea 7 S.A.

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Subsea News

Hallin commences new offshore installation support project in Bay of Bengal 17-04-2014
Integrated Oceaneering team combines technologies for Australian success 16-04-2014
Technip Heerema Alliance wins major Kaombo subsea contract offshore Angola 16-04-2014
Subsea Technologies Ltd. celebrates year of growth and move to new premises with place in the final of Scottish Business Awards 15-04-2014
AISUS Offshore achieves turnover in excess of £1million in first year in business 15-04-2014
Aker Solutions Wins Contract to Deliver Subsea Production System for Total's Kaombo Development in Angola 15-04-2014
Rise in demand for rental equipment offshore drilling projects predicted 14-04-2014
Angola: Total launches the development of Kaombo, an ultra-deep offshore project 14-04-2014
Subsea 7 S.A. share repurchase 11-04-2014
Aker Solutions to supply subsea manifolds for Petrobras pre-salt fields 11-04-2014