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Subsea7 Secures Major Contract for Trion Development Offshore Mexico

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) has been awarded a substantial contract by Woodside Energy for subsea installation services related to the Trion development project. The Trion field is situated approximately 30 kilometers south of the US / Mexico border and 180 kilometers off the Mexican coastline, with operations taking place at a water depth of 2,600 meters.

Woodside Energy, in collaboration with Pemex, is spearheading the Trion development project. This venture encompasses a wet tree subsea system linked to an infield Floating Production Unit (FPU). Subsea7 has been entrusted with the crucial tasks of engineering, constructing, and installing the subsea umbilicals, risers, flowlines, and associated subsea architecture.

The commencement of project management and engineering activities is imminent, with Subsea7’s teams mobilizing from their offices in the United States and Mexico. Offshore operations are scheduled to unfold between 2026 and 2027.

Expressing his views on this milestone, Craig Broussard, Vice President for Subsea7 Gulf of Mexico, remarked, “This award acknowledges our strong partnership with Woodside globally. With our experience in the Gulf of Mexico and proven track record, we can deliver innovative, reliable, fast-tracked solutions that create value for our clients. We are proud to be a part of Woodside and Pemex’s first deepwater development in Mexico.”

Subsea7 categorizes this contract as ‘large,’ defining it within the financial bracket of USD 300 million to USD 500 million.

This significant contract not only underscores Subsea7’s expertise and capability in the subsea installation domain but also highlights the collaborative efforts between global energy players in unlocking the potential of deepwater resources.

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