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Subsea 7 Gets Contract Worth More Than $750 Mln From Turkish Petroleum - MarketWatch

MarketWatch · last updated

Subsea 7 Gets Contract Worth More Than $750 Mln From Turkish Petroleum - MarketWatch

By Dominic Chopping

Subsea 7 said Monday that as part of a consortium it has received a contract from Turkish Petroleum worth more than $750 million to the company.

The engineering, procurement, construction, and installation contract will see subsurface solutions including subsea production systems, subsea umbilicals and flowlines installed in the second phase of the Sakarya field development offshore Turkey.

The contract has been awarded to a consortium including Subsea 7, OneSubsea, SLB and Saipem, with offshore activities expected to start between the second quarter of 2025 and the third quarter of 2025.

Write to Dominic Chopping at dominic.chopping@wsj.com

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