Subsea 7 wins West Nile Delta contract
Egypt The contract is worth USD 50 million-150 million, according to Reuters estimates. Offshore work is scheduled to start in the second half of 2016. Subsea 7 was previously granted a USD 500-million contract by BP for engineering, installation and pre-commissioning of subsea infrastructure in the same fields.
With an expected cost of USD 12 billion, first production from the West Nile Delta project is expected in 2017. The project area is estimated to hold 142 bcm (5 tcf) of gas and 55 million barrels of condensate.
Burullus Gas Company is a joint venture between state-owned Egyptian General Petroleum Corporation (50%), UK multinational BG Group (25%) and Malaysian national oil company Petronas (25%).
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