Subsea 7 SA said Sept. 30 it has been awarded two contracts by BP Exploration for the Azeri Central East (ACE) project in the Azeri-Chirag-Deepwater Gunashli (ACG) field in the Caspian Sea in a water depth of approximately 140 m (459 ft).
The work scopes comprise engineering and fabrication of subsea structures, engineering, transport and installation of spools, the launching of a 16,200 tonne jacket and the float-over of an 18,500 tonne topside.
The contracts will be executed in consortium with BOS Shelf, which will be responsible for the fabrication, logistics and facilities support. Engineering work shall commence immediately from Subsea 7’s office in France and offshore execution is expected to take place in 2021 and 2022.
“This project reflects our long-term relationship and early engagement with BP Exploration and builds on our Life of Field activities in Azerbaijan. We look forward to increasing our presence in the Azerbaijani market with safe and reliable solutions for its offshore energy developments,” Gilles Lafaye, Subsea 7’s vice president—Africa Region, said.
Subsea 7 defines a sizeable contract as being between $50 million and $150 million. This value range refers to Subsea 7’s share of the consortium contract.
Schlumberger takes $12 billion charge as CEO charts new course
Forties Pipeline shut down after lightning strike
Gender pay equality in oil and gas requires a rebalancing act
Saudi Arabia needs to accelerate reforms after downgraded economic forecast, says GlobalData