Subsea 7 Secures FEED Contract for Offshore Norway Project with ConocoPhillips

Reuters

05/19

Subsea 7 Secures FEED Contract for Offshore Norway Project with ConocoPhillips

Subsea 7 S.A. has announced the award of a contract for a front-end engineering and design (FEED) study by ConocoPhillips Skandinavia AS for the Previously Produced Fields (PPF) development project, located offshore Norway. This project is conducted under a new Framework Agreement between the two companies. The FEED study will refine the technical specifications for the proposed subsea development and work is set to begin immediately in Norway. If approved, the project could lead to a large contract award, valued between $300 million and $500 million, for Subsea 7 to handle subsea structures, umbilicals, risers, and flowlines $(SURF)$ scope. Offshore installation is planned for 2026 to 2029. This development is part of Subsea 7's ongoing collaboration with ConocoPhillips to enhance the value of the Greater Ekofisk Area.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Subsea 7 SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001097560-en) on May 19, 2025, and is solely responsible for the information contained therein.

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This project is conducted under a new Framework Agreement between the two companies. The FEED study will refine the technical specifications for the proposed subsea development and work is set to begin immediately in Norway. If approved, the project could lead to a large contract award, valued between $300 million and $500 million, for Subsea 7 to handle subsea structures, umbilicals, risers, and flowlines <a href=\"https://laohu8.com/S/SURF\">$(SURF)$</a> scope. Offshore installation is planned for 2026 to 2029. This development is part of Subsea 7's ongoing collaboration with ConocoPhillips to enhance the value of the Greater Ekofisk Area.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Subsea 7 SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001097560-en) on May 19, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0868494708.USD","symbol_name":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250519:nNDL4c2dmn:1","article_id":"2536682441","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536682441","pubTimestamp":1747660576,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Subsea 7 S.A. has announced the award of a contract for a front-end engineering and design  study by ConocoPhillips Skandinavia AS for the Previously Produced Fields  development project, located offshore Norway. 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