In late April, Subsea7 announced the award of a substantial engineering, procurement, construction, and installation (EPCI) contract by ExxonMobil to Subsea Integration Alliance (SIA) for a subsea tie-back associated with the Redevelopment 2.0 Likembe Project in Block 15, offshore Angola. According to the company’s usual practice, the contract value is between $150 million and $300 million.
Project management and engineering will be managed by Subsea7’s offices in Paris, Luanda, Lisbon and Sutton. As part of Subsea Integration Alliance’s integrated delivery model, SLB OneSubsea will execute the umbilical scope from its Center of Excellence in Moss, Norway, supported by project management and engineering teams based in Houston.
David Bertin, Senior Vice President for Global Projects Centre East for Subsea7, said: “This project builds on our track record in West Africa, Australia and the US. Together with ExxonMobil, we are committed to delivering the project safely, efficiently and to the highest standards, while continuing to support the development of local capabilities in Angola.”
Olivier Blaringhem, Subsea Integration Alliance Chief Executive Officer, said: “This award further strengthens our relationship with ExxonMobil. It demonstrates how early collaboration through Subsea Integration Alliance enables an optimised development solution and underpins our integrated commercial model.”
In April, Subsea7 announced several offshore engineering contracts with a total value of up to $1.8 billion: a Chevron subsidiary awarded Subsea7 an offshore engineering contract worth $150 million to $300 million for underwater installation works for the Aseng gas development project off the coast of Equatorial Guinea; Petrobras also awarded the company a “mega” contract worth over $1.25 billion.