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Subsea7 lands contract with ConocoPhillips for FEED study, offshore Norway
Category: Business News
Subsea7 has been awarded a contract by the operator ConocoPhillips Skandinavia AS (ConocoPhillips) for a front-end engineering and design (FEED) study for the Previously Produced Fields (PPF) development project, offshore Norway.
The project is granted under a new Framework Agreement between ConocoPhillips and Subsea7.
The FEED study will finalize the technical definition of the proposed subsea development. Work will commence immediately in Subsea7’s office in Norway.
If the development project passes final investment decision and is approved by the authorities, the operator can exercise an option to a large1 award of the subsea structures, umbilicals, risers and flowlines (SURF) scope under the Framework Agreement to Subsea7. Offshore installation activities associated with this contract would be scheduled for 2026 to 2029.
Source: World Oil