Subsea 7 awarded contracts offshore Azerbaijan
Subsea 7 announced today the award of two contracts, together representing a sizeable (1) contract award, by BP Exploration for the Azeri Central East (ACE) project in the Azeri-Chirag-Deepwater Gunashli (ACG) field in the Caspian Sea in a water depth of approximately 140 metres.
The work scopes comprise engineering and fabrication of subsea structures, engineering, transport and installation of spools, the launching of a 16,200 tonne jacket and the float-over of an 18,500 tonne topside.
The contracts will be executed in consortium with BOS Shelf, which will be responsible for the fabrication, logistics and facilities support. Engineering work shall commence immediately from Subsea 7’s office in France and offshore execution is expected to take place in 2021 and 2022.
Gilles Lafaye, Subsea 7’s Vice President Africa Region, said:
“This project reflects our long-term relationship and early engagement with BP Exploration and builds on our Life of Field activities in Azerbaijan. We look forward to increasing our presence in the Azerbaijani market with safe and reliable solutions for its offshore energy developments.”
(1) Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million. This value range refers to Subsea 7’s share of the consortium contract.