Subsea7 announced the award of a sizeable1 contract for pre-commitment to procure long lead items for a project in the Norwegian North Sea.
Pre-execution project management and engineering work will commence immediately at Subsea7’s office in Stavanger, Norway.
Erik Femsteinevik, VP Subsea7 Norway, said: “This early commitment to long lead items reflects the strong, trust‑based relationship with the operator and enables early engagement and fast-track development.”
1. Subsea7 defines sizeable as being between USD 50 million and USD 150 million.