Oil services supplier Subsea 7 awarded contract from BP off Egypt

Oil services supplier Subsea 7 has been awarded contract offshore in Egypt from BP and DEA, it said in a statement Friday.

Subsea 7 said the contract is major as being over $750 million.

The work is for the development of the Giza, Fayoum and Raven subsea fields offshore Alexandria, Egypt, the second phase of the West Nile Delta project.

The contract scope includes engineering, procurement, installation and pre-commissioning of the subsea infrastructure from twelve wells, with 80 kilometres of umbilicals and 220 kilometres of pipelines.

It also includes the installation of the export lines from the subsea location to the Idku terminal.