Subsea 7 confirmed the award of a major contract (over USD 750 million) by Turkish Petroleum for the second phase of the Sakarya field development offshore Türkiye in the Black Sea.
The award for this two-phase subsea development was announced in redacted form on 12 May 2023. The first phase has been recorded in the backlog in the second quarter of 2023 and the second phase, expected in 2024, remains subject to sanction by the client.
The contract is awarded to a consortium including Subsea7 and its partner in Subsea Integration Alliance, OneSubsea,, as well as SLB and Saipem. The integrated project scope of the engineering, procurement, construction, and installation (EPCI) contract will cover the subsurface solutions including subsea production systems, subsea umbilicals and flowlines.
The scope of work to be executed by Subsea7 comprises the EPCI of approximately 37 kilometres of infield flowlines, 47 kilometres of control umbilicals and associated subsea equipment in water depths of 2,000 metres. The contract also includes additional FEED studies and options to further extend the scope of work.
The Sakarya gas field is located in the ultra-deep waters of the western Black Sea, approximately 175km offshore Eregli, Turkey.
Project management and engineering will be managed from the Subsea7 office in Istanbul, Türkiye and offshore activities are expected between Q2 2025 and Q3 2025, with optional scope between Q4 2026 and Q4 2027 subject to final investment decision by the client.
(Source: Subsea 7)