Subsea7 confirms major EPCI contract offshore Türkiye

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Subsea 7 S.A. confirmed the award of a major contract by Turkish Petroleum for the second phase of the Sakarya field development offshore Türkiye in the Black Sea.

The award for this two-phase subsea development. The first phase has been recorded in the backlog in the second quarter of 2023 and the second phase, expected in 2024, remains subject to sanction by the client. 

The contract is awarded to a consortium including Subsea7 and its partner in Subsea Integration Alliance, OneSubsea®2, as well as SLB and Saipem. The integrated project scope of the engineering, procurement, construction, and installation (EPCI) contract will cover the subsurface solutions including subsea production systems (SPS), subsea umbilicals and flowlines (SURF).   

The scope of work to be executed by Subsea7 comprises the EPCI of approximately 37 kilometres of infield flowlines, 47 kilometres of control umbilicals and associated subsea equipment in water depths of 2,000 metres.  The contract also includes additional FEED studies and options to further extend the scope of work.

Project management and engineering will be managed from the Subsea7 office in Istanbul, Türkiye and offshore activities are expected between Q2 2025 and Q3 2025, with optional scope between Q4 2026 and Q4 2027 subject to a final investment decision by the client.

Franck Louvety, Africa, Middle East & Caspian Vice President said: “Through the close collaboration of Subsea7, OneSubsea® and Turkish Petroleum, the first gas from Sakarya Phase 1 was delivered just 30 months after discovery. Subsea7 looks forward to extending this relationship for Phase 2 and continuing our contribution to the development of the energy industry in Türkiye.”

Source: Subsea 7 

Saipem awarded two new offshore EPCI contracts worth $850 million

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Saipem has been awarded two new offshore contracts, one for Engineering, Procurement, Construction, and Installation (EPCI) project in the Black Sea and one for decommissioning activities in the North Sea. The overall value of the contracts amounts to approximately 850 million USD.

The first contract has been assigned by Turkish Petroleum OTC for the second phase of Sakarya FEED and EPCI Project and entails the Engineering, Procurement, Construction, and Installation of a 16” pipeline, 175 km long, at 2,200-meter water depth, in the Turkish Black Sea waters. The offshore operations are to begin in summer 2024 and will be conducted by Saipem’s flagship vessel Castorone. Saipem has recently completed with success the first phase of Sakarya Gas Field Development project, awarded by Turkish Petroleum OTC in 2021.

The other contract has been assigned by EnQuest Heather Limited for the decommissioning of the existing Thistle A Platform, located in the UK sector of the North Sea, around 510 kilometres northeast of Aberdeen, in a water depth of 162 meters. Saipem’s activities entail the engineering, preparation, removal, and disposal of the jacket and topsides, with possible extension to further subsea facilities. The activities will be carried out by the Saipem 7000, one of the largest semi-submersible heavy lifting vessels in the world.

Fabrizio Botta, Saipem‘s Chief Commercial Officer, commented: “These important awards demonstrate Saipem’s excellent competitive positioning in the Offshore Engineering & Construction market, a sector that is experiencing a full expansion momentum of which Saipem is ready to seize the opportunities. The contract awarded in the Black Sea is a confirmation of Saipem’s prominent positioning and of its long-standing relationships with clients. The North Sea contract, finally, is a further example of Saipem’s capabilities in a segment where the combination of innovative engineering, unique assets, and safe operations is crucial”.

Source: Saipem