Subsea7 SA has secured a contract from Talos Vitality to service the Sunspear growth in Inexperienced Canyon Block 78 within the Gulf of Mexico.
The mission includes the subsea tie-back of 1 manufacturing nicely at Sunspear to the Prince platform, 7.5 miles (12 kilometers) to the north. Subsea7 will set up the flowline and associated subsea tools at a water depth of 1640 ft (500 meters), the corporate mentioned in a current information launch.
Subsea7 known as the contract “sizeable,” which it defines as having a worth between $50 million and $150 million.
Talos made a industrial discovery of oil and fuel in July 2023 on the Sunspear prospect. The corporate’s preliminary post-drill evaluation indicated roughly 260 ft of gross true vertical thickness of oil pay, together with 149 ft of internet oil pay in the principle goal in step with pre-drill expectations, as introduced by the corporate. The corporate has a 48 % working curiosity within the prospect, with Ridgewood Vitality Company holding 47.5 % and Houston Vitality holding 4 %.
Subsea7 mentioned its Houston workplace will oversee mission administration and set up engineering, with offshore work scheduled to start later within the 12 months.
Craig Broussard, Vice President for Subsea7 Gulf of Mexico, mentioned, “This award additional strengthens our strategic partnership with Talos Vitality, enabling early-stage collaboration for sooner, extra predictable mission supply”.
That is the second contract within the Gulf of Mexico that Subsea7 has gained for the 12 months. The corporate earlier secured a contract from Woodside Vitality Group Ltd to offer set up providers for the Trion growth.
Trion, a greenfield growth that might characterize the primary oil manufacturing from Mexico’s deepwater, is being developed by Woodside in a three way partnership with Pemex. First oil manufacturing is focused for 2028. The sphere is positioned roughly 18.6 miles (30 kilometers) south of the US-Mexico border and 111.8 miles (180 kilometers) away from the Mexican shoreline.
Subsea7 mentioned in an earlier assertion that the contract is “massive”, which the corporate defines as being between $300 million and $500 million. Venture administration and engineering will start instantly from the corporate’s workplaces within the USA and Mexico, whereas offshore actions are anticipated to happen between 2026 and 2027.
The mission includes a moist tree subsea system linked to an infield floating manufacturing unit (FPU). Subsea7 mentioned it is going to be answerable for the engineering, development, and set up of the subsea umbilicals, risers, and flowlines, in addition to the related subsea structure.
Earlier within the month, the corporate additionally introduced the award of one other “sizeable” contract from an undisclosed firm.
The contract shall be acknowledged within the backlog of its Subsea and Typical enterprise unit within the second quarter, Subsea7 mentioned, including that the contract is topic to a closing funding choice that’s anticipated within the coming weeks. Offshore actions below the contract are scheduled for 2026, it famous.
Attributable to “contractual obligations,” Subsea7 didn’t share every other particulars in regards to the contract.
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