Timas Suplindo has secured the SURF EPCI contract for the Mako gas project offshore Indonesia, covering engineering, procurement, fabrication, installation and pre-commissioning work.
Saipem secured a $150 million LNTP contract from ExxonMobil Guyana for the Longtail subsea project, with full scope potentially reaching $1.5 billion.
Subsea7 has secured a supermajor contract from Petrobras for the Sépia 2 field in Brazil, covering SURF work for 17 wells and a gas export line in the Santos Basin.
Subsea7 won a sizeable Shell contract for the Kaikias Waterflood project in the Mars-Ursa Basin, including installation of an umbilical, riser and rigid flowline in up to 1,650 m water depth.
Subsea7 was awarded a FEED study for the PPF project offshore Norway. A SURF option may follow if the project reaches FID and approvals, with installs planned for 2026–2029.
Ocean Installer has secured a NOK 1–2 billion contract from Vår Energi for the Balder Next development, covering project management, engineering, and flexible product supply, with offshore work scheduled for 2027–2028.
Brazil’s antitrust authority CADE is reviewing the Saipem–Subsea 7 merger as Petrobras, ExxonMobil, and TechnipFMC warn of competition risks in subsea and PLSV markets.
