Subsea7 has been awarded a contract by Chevron for subsea installation work in the East Mediterranean. The contract's value is estimated to be between $150 million and $300 million.

Project Scope and Details

The scope of work involves the installation of approximately 17 kilometres of subsea flowlines and umbilicals. While Subsea7 did not specify the exact project, the award aligns with Chevron's recent final investment decision for a $2.4 billion gas production expansion at its Leviathan platform offshore Israel.

Project Timeline

Project management and engineering will commence immediately at Subsea7's office in Paris. Offshore installation activities are scheduled to begin in the first quarter of 2028.