Subsea 7
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Unique partnerships forward both conventional renewables and new technologies to close the gap for a carbon-free future across the globe. -
The partnership of Subsea 7 and Flasc has a plan to use out-of-service pipelines as pressure vessels in a hydro-pneumatic energy storage concept.
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ExxonMobil awarded the consortium the project management, engineering, and installation of the estimated 190-km pipeline.
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Schlumberger, Subsea 7 alliance will supply and install a subsea boosting system in GOM field.
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The subsea specialist will provide and install flowlines, risers, and umbilicals for the Búzios 8 project offshore Brazil.
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The difficulty in selling a chemical to aid subsea pipeline flow has been delivering it to the wells.
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With a boom in offshore wind construction expected to start in 2025, Subsea 7 is dealing now to grab a larger share of this burgeoning sector.
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Delivery of the umbilicals is expected in Q4 2021. The King’s Quay FPS achieved FID in Q2 2019, and is expected to process up to 80,000 B/D of crude oil with first production in 2022.
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Subsea 7’s installation services contract is the latest Chevron award for its Anchor field project. First oil from the project is expected in 2024.
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The company announced both contract awards simultaneously. The new contract awards could be worth up to $800 million.
