Subsea 7 and Schlumberger received an EPCI contract for subsea work in the Black Sea
The consortium of Subsea 7 and Schlumberger has been awarded an engineering, procurement, construction, and installation (EPCI) contract by Turkish Petroleum for subsea work on the Sakarya development in the Black Sea. This is stated in the news of Rig Zone websitye.
The integrated project scope of the engineering, procurement, construction, and installation (EPCI) contract will cover the subsurface solutions to onshore production, including completions, subsea production systems (SPS), subsea umbilicals, risers and flowlines (SURF), and an early production facility (EPF). Subsea 7 estimates its stake in the contract at more than $ 750 million. The scope of work to be executed by Subsea 7 comprises the EPCI of the subsea pipelines and associated equipment to connect the subsea wells in approximately 6,560 feet water depth to the EPF.
Recall that, last year Turkish Petroleum has found 405 bcm of natural gas in the western Black Sea region's Sakarya field. This is biggest hydrocarbon discovery in Turkey. In July this year, Turkish Petroleum completed the first flow test of the Türkali-2 appraisal well in the Sakarya field.