Subsea 7 - contract award offshore Norway

Core Viewpoint - Subsea 7 S.A. has been awarded a substantial contract offshore Norway, which includes engineering, procurement, construction, and installation (EPCI) of pipeline bundles and related components, with a contract value estimated between $150 million and $300 million [1][3]. Group 1: Contract Details - The contract involves the use of key vessels from Subsea 7's fleet for the project [1]. - Project management and engineering will start immediately at Subsea 7's offices in Stavanger, Norway, and Aberdeen, Scotland, with fabrication taking place in Wester, Scotland [2]. - Offshore operations are scheduled to occur between 2025 and 2027 [2]. Group 2: Company Insights - Erik Femsteinevik, Vice President for Subsea 7 Norway, expressed excitement about the project, emphasizing the importance of early engagement in the field development process to optimize design solutions [3]. - Subsea 7 positions itself as a global leader in delivering offshore projects and services, aiming to create sustainable value and be the partner of choice in the energy industry [3].