Subsea 7 Bags Atoll Field Contract Off Egypt
Thursday 20 October 2016
UK-headquartered subsea specialist Subsea 7 has been awarded a contract by Pharaonic, for work offshore Egypt in the Atoll field.
The contract, which is described as ‘substantial’ putting it in the $150-$300m range, includes the engineering, procurement, construction and installation of more than 40km of rigid pipelines and associated structures for the new Atoll field, tying it into the existing Taurt field. A 105km umbilical will also be installed linking the Atoll field to shore.
Initial work has already begun and the offshore work is projected to commence in the second half of 2017, utilising vessels Seven Borealis, Seven Eagle and Seven Arctic.
“We are delighted to strengthen our presence in Egypt. This substantial contract award recognises our technical expertise and track record of strong execution for Pharaonic Petroleum Company,” commented Gilles Lafaye, region VP for Africa at Subsea 7.