Offshore engineering and services player Subsea 7 has won work on an oil project offshore Louisiana and an offshore wind project offshore Germany.
The first contract was awarded by Shell for the Kaikias Waterflood project. The Kaikias field is a deepwater development in the Mars-Ursa Basin, approximately 210 km off the Louisiana coast in the US.
The scope of work includes the transportation and installation of a subsea umbilical, riser, and a rigid flowline in water depths of up to 1,650 m. Financial details were not fully disclosed, but Subsea7 defined the deal as sizeable, placing it in the $50m to $150m range.
Project management and engineering activities will begin immediately from Subsea 7’s Houston office, with offshore operations scheduled for 2027.
“We are bringing our deepwater experience to the Kaikias development and delivering cost-effective solutions that will support safe and efficient project execution, helping Shell maximise long-term value from the field,” said Craig Broussard, SVP for Subsea 7 Gulf of Mexico.
The second deal was awarded to Subsea 7’s subsidiary Seaway 7 for work on the Gennaker offshore wind farm in Germany. The client is OWP Gennaker, part of Skyborn Renewables.
The scope of work includes transporting and installing 63 monopiles and transition pieces. Offshore activities are expected to commence in 2027. The contract, described as substantial, will be in the $150m to $300m range.
“Seaway7 has a strong track record in Germany, having supported over 20 projects and enabled almost 3.5GW of clean energy for the country,” said Stuart Fitzgerald, Seaway 7’s CEO.
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