Shell Awards a Contract to Subsea 7 for its Sparta Deepwater Project

Shell plc’s (SHEL) subsidiary Shell Offshore Inc. has awarded a significant contract to offshore engineering and services player Subsea 7 S.A. (SUBCY) for its Sparta deepwater development, located in the U.S. Gulf of Mexico. The project is centered at Garden Banks block 959, off Louisiana's southeastern coast, where waters reach depths of up to 1,635 meters.The contract, classified as “sizeable,” will be valued between $50 million and$150 million and will involve transportation and installation of a floati ...