Subsea7 confirms “major” contract award offshore Turkey worth over $750 million with SLB, Saipem
(WO) – Subsea 7 S.A. confirmed the award of a major contract by Turkish Petroleum for the second phase of the Sakarya field development offshore Turkey in the Black Sea. According to a company statement, the contract is worth over $750 million.
The contract is awarded to a consortium including Subsea7 and its partner in Subsea Integration Alliance, OneSubsea®, the subsea technologies, production, and processing business of SLB, as well as 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 kilometers of infield flowlines, 47 kilometers of control umbilicals and associated subsea equipment in water depths of 2,000 meters. 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 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, 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 Turkey.”