Subsea7 awarded contract offshore Saudi Arabia

Core Viewpoint - Subsea 7 S.A. has been awarded a major project under a long-term agreement with Aramco, focusing on offshore facilities in Saudi Arabia [1][3]. Group 1: Project Details - The contract includes engineering, procurement, construction, and installation (EPCI) of 106 kilometers of infield and export pipelines, modifications to existing topsides, and associated hook-up activities [2]. - Project management and engineering work will commence immediately at Subsea 7's offices in Saudi Arabia and the UAE, with offshore activities scheduled for 2027 and 2028 [2]. Group 2: Financial Implications - Subsea 7 defines a major contract as being valued between $750 million and $1.25 billion [3]. Group 3: Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services for the energy industry, focusing on creating sustainable value and being a preferred partner and employer [4].