Subsea 7 has been awarded a more than US$50 million contract in the US Gulf of Mexico by Freeport-McMoRan Oil & Gas in support of its velopment of the KOQV and Holstein Deep fields.
The work scope covers the installation of flexible pipelines and umbilicals for both fields, with the offshore installation phase expected to be executed by the Subsea 7 vessel the Seven Seas in Q4 2015. Onshore project management and engineering will be carried out from the company’s Houston office.
Olivier Carré, Subsea 7’s Senior Vice President – Africa & Gulf of Mexico, said: “This is the first deepwater project for Freeport-McMoRan Oil & Gas and we look forward to building and developing our partnership with them. Subsea 7’s track record in managing and executing projects of this nature, working closely with the client, was key to our success in securing this contract.”
Holstein is produced from a 149ft diameter truss spar, installed in 4300ft water depth in GC Block 645. It has the capacity to produce 113,500 bo/d and 142,300 Mcf/d. Production began in December 2004.
The company is reactivating the Holstein platform rig for drilling in 2014 with production at Holstein Deep expected by early 2017.
Read more: http://www.oedigital.com/component/k2/item/4763-freeport-mcmoran-in-deepwater-gom
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