The Luxembourg-headquartered offshore energy player Subsea7 has announced the award of a contract by US headquartered oil major Chevron for subsea installation in the Eastern Mediterranean.
The contract work for Subsea7 includes the transport and installation of approximately 17 kilometres of subsea flowlines and umbilicals.
The company notes that the project management and engineering will begin immediately and will be managed by Subsea7’s office in Paris, France with the physical offshore activities expected to commence in the first quarter of 2028.
Subsea7 states that the contract is valued as being between $150m and $300m.
“This award reinforces our long-term strategic partnership with Chevron, building on our proven track record in West Africa, Australia and the US. We look forward to continuing our collaboration in the Eastern Mediterranean, focusing on safety, efficiency and technical integrity to deliver reliable and integrated offshore solutions,” says David Bertin, senior vice president for Subsea7 global projects centre east.
