Subsea7 has secured a contract worth between $150 million and $300 million with an undisclosed client, with offshore operations to kick start in 2027.

Under the contract defined as substantial, Subsea7’s scope includes the engineering and offshore installation of flexible pipe, umbilicals, subsea equipment and a mooring system.

Project management and engineering activities will begin immediately at the company’s office in Houston, Texas.

Subsea7 did not reveal any additional details about the project or client.

Of note, it was reported earlier today that Subsea7 had signed a binding agreement with Italy’s engineering, drilling, and construction services giant Saipem on the terms and conditions for their proposed merger.

The new company will be created through an EU cross-border statutory merger, carried out by absorbing Subsea7 into Saipem, with the latter to be renamed Saipem7.

𝐆𝐫𝐚𝐛 𝐭𝐡𝐞 𝐚𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐭𝐚𝐫𝐠𝐞𝐭 𝐚𝐮𝐝𝐢𝐞𝐧𝐜𝐞 𝐚𝐧𝐝 𝐮𝐧𝐥𝐨𝐜𝐤 𝐬𝐚𝐯𝐢𝐧𝐠𝐬 𝐢𝐧 𝐨𝐧𝐞 𝐦𝐨𝐯𝐞 ⤵️

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