Saudi Aramco has let a contract to Subsea 7 SA under a long-term agreement.
The contract scope includes the decommissioning of existing subsea infrastructure as well as engineering, procurement, construction, and installation of a new pipeline and subsea equipment at Abu Safah field, offshore Saudi Arabia, the service provider said in a release Dec. 12.
Engineering activities will begin immediately, with offshore operations scheduled for 2026. The project will be managed from Subsea7’s office in Al Khobar, Saudi Arabia, with support from offices in Dubai and Singapore.
Subsea7 values the contract somewhere between $150 million and $300 million.
Photo from Hess Corp.
