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Subsea 7 confirms Aramco jobs

Oslo-listed player awarded three contracts for work off Saudi Arabia

Oslo-listed Subsea 7 has confirmed that it has been awarded three contracts by Saudi Aramco under its long-term agreements arrangements for work off Saudi Arabia.

The value of the engineering, procurement, construction and installation (EPCI) contracts was not disclosed but Subsea 7 did say that awards are “sizeable”, which it defines as being worth in the range of $50 million to $150 million.

The workscope, which it is working on in a consortium with India's Larsen & Toubro, includes engineering, procurement, construction and installation of a total of 28 jackets.

The total includes eight new jackets to be installed at the Marjan and Zuluf fields in one package, 10 jackets for the Safaniya and Zuluf fields in another that includes a pipeline decommissioning scope and a further ten jackets for the Zuluf and Ribyan fields.

Work is due to start immediately and offshore execution is expected to take place in 2020.

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