Subsea 7 awarded contract offshore China

Source: press release, 17 December 2019

Subsea 7 and COOEC contract signing
Subsea 7 and COOEC contract signing (photo: Subsea 7)

Subsea 7 has announced the award of a sizeable contract by Offshore Oil Engineering Co. (COOEC), for CNOOC’s Lingshui 17-2 Gas Field Development Project – Steel Catenary Risers Installation Services. The field is located in the South China Sea approximately 150 kilometres offshore Sanya, Hainan province.

The contract scope includes transportation and installation of five steel catenary risers with diameters ranging from 10 to 18 inches. Lingshui 17-2 field water depth ranges from 1,450 to 1,560 metres. Project management and engineering will commence immediately at Subsea 7’s offices in Kuala Lumpur, Malaysia, with offshore operations taking place in the first half of 2021.

Christopher Ratajczak, Vice President Asia says, “We recognise the importance of this project to both COOEC and the operator, CNOOC. We are delighted that they have selected Subsea 7 as their partner. It further demonstrates the trust that clients put in our ability to deliver technically challenging projects in deep water.”

Note: Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.