Subsea 7 Awarded Contract for Offshore Oil & Gas Project in GOM
September 12, 2013
Subsea 7 S.A. (Oslo Børs: SUBC) today announced a contract award by Stone Energy valued in excess of US$70 million for the development of the Cardona field in the U.S. Gulf of Mexico.
The contract scope includes engineering, procurement, installation and commissioning of flowlines, risers, pipeline structures, and a gas lift umbilical.
Project management and engineering work will commence immediately at Subsea 7’s offices in Houston. Offshore operations are due to commence in the third quarter 2014, with stalking of the risers and flowlines and welding being performed at Subsea 7’s Port Isabel spoolbase.
Ian Cobban, Subsea 7’s Vice President for the Gulf of Mexico, commented that “We are pleased to be awarded this contract and look forward to working collaboratively with Stone Energy. This is an important project for both Stone Energy and Subsea 7, and we look forward to delivering the project in a safe and timely manner, and to building a strong relationship.”
