NORWAY’s Subsea7 has secured a substantial contract with Chevron Australia covering subsea installation on the Gorgon Stage 3 (GS3) Project, offshore Australia.
Subsea7’s scope of work includes project management, engineering, procurement, fabrication, transportation, installation and pre-commissioning of subsea equipment and associated infrastructure at GS3, at a water depth of 1,350 metres.
Project management and engineering work will commence immediately from Subsea7’s office in Perth with support from colleagues in Kuala Lumpur, Malaysia; and Paris, France, the company said. Offshore operations are expected in 2028.
David Bertin, senior vice president for Subsea7 Global Projects Centre East, said: “This project marks an important milestone and reinforces our long-term strategic engagement with Chevron.
“Building on our local and international capability and experience, we look forward to working collaboratively with Chevron Australia – focusing on safety and quality to optimise reliability, technical integrity and offshore operations – to successfully deliver the Gorgon Stage 3 subsea installation.”
Subsea7 classifies a ‘substantial contract’ as one valued between US$150 million and $300 million.
In February Italy’s Saipem and Subsea 7, with the backing of principal shareholders Eni and CDP Capital, and Siem Industries respectively, announced they would join forces to form Saipem7 in a merger, subsequently confirmed in July and expected to complete in the second half of 2026.
Saipem7, to be headquartered in Milan, will have a combined backlog of €43 billion, revenue of approximately €20 billion and EBITDA in excess of €2 billion.