Subsea 7 today announced the award of a sizeable contract to Subsea 7 by Pharaonic Petroleum Company S.A.E. for the development of the East Nile Delta Phase 3 Project (END-3), the value of this operation has been estimated to be between $50 mln and $150 mln.
The project scope includes installation engineering, procurement and fabrication of rigid spools, and installation of pipeline, umbilical and subsea structures to develop the resources from two wells including 8 kilometres of umbilicals and pipeline. The field development will be at depths of approximately 80 to 90 metres.
Fabrication of spools will be carried out at Petrojet’s yard in Egypt. Offshore installation is scheduled to commence in the fourth quarter of 2015 using the Subsea 7 vessels Rockwater 2 and Seven Borealis.
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