Luxembourg-based Subsea7 has been awarded a “substantial” contract from Beacon Offshore Energy for a subsea tieback development in the U.S. Gulf of Mexico, with the deal valued between $150 million and $300 million.
According to Subsea7, the scope of work encompasses engineering, procurement, construction, and installation (EPCI) of subsea infrastructure, including production risers, flowlines, umbilicals, and associated structures.
The project involves the installation of a high-pressure 27-kilometer subsea tieback to the Shenandoah Floating Production System, located in Walker Ridge Block 316 at water depths reaching up to 2,000 meters, Subsea7 noted.
Project management and engineering are set to commence immediately at the company’s Houston office, while offshore execution is slated to begin in 2026.
Craig Broussard , Senior Vice President of Subsea7 Gulf of Mexico, said: “We are proud to be part of this high-pressure deepwater subsea tieback development. This project builds on our strong track record of successfully delivering oil and gas projects in the deepwater Gulf of Mexico.”
This award comes on the heels of another “sizeable” U.S. Gulf of Mexico contract Subsea7 secured in August, valued between $50 million and $150 million.
In other recent news, Seaway7, a Subsea7 Group company, was awarded a contract by ScottishPower Renewables for the transport and installation of inter-array cables at the 960 MW East Anglia Two offshore wind project in the UK.
The article was amended on December 12 at 1:30 PM to state additional information.