BP awards Trinidad subsea works to Subsea 7-OneSubsea JV
PORT OF SPAIN, November 18, 2022 – BP has awarded a design and EPCI contract for its Cypre gas development offshore Trinidad and Tobago to a joint venture between Subsea 7 and OneSubsea, Subsea 7 announced on Friday.
The JV Subsea Integration Alliance will undertake the concept and design, engineering, procurement, construction and installation of a two-phase liquid natural gas tie-back to the Juniper platform through dual flexible flowlines and a manifold gathering system, along with topside upgrades.
The contract value is between USD 150 million and USD 300 million.
Drilling on the Cypre project is expected to begin in 2023, with first production projected for 2025.
The development is expected to achieve a plateau production of 7.08-8.5 mcm (250-300 mcf) per day.