Subsea7 awarded contract offshore UK

Core Insights - Subsea 7 S.A. has been awarded a significant contract by Ithaca Energy for decommissioning services related to the Alba Floating Storage Unit and Greater Stella field FPF-1 production facility, located approximately 230 kilometers east of Aberdeen [1][3] - The decommissioning scope includes flushing subsea pipelines, providing diver support vessel services, and seabed clearance [1] - The contract value is defined as being between $50 million and $150 million, indicating a sizeable project for Subsea 7 [3] Project Timeline - Project management and engineering will begin immediately at Subsea 7's office in Aberdeen, with offshore activities scheduled to start in Q2 2026 [2] Company Expertise and Relationship - Hani El Kurd, Senior Vice President of UK and Global Inspection, Repair and Maintenance at Subsea 7, emphasized the company's three decades of decommissioning expertise and the importance of their longstanding relationship with Ithaca Energy, which began in 2008 [3]