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Subsea7 Secures New LLOG Contract Award in the Gulf of America

Zacks Investment Research·
Subsea7 Secures New LLOG Contract Award in the Gulf of America

Subsea7 has secured a sizeable contract valued between $50 million and $150 million from LLOG Exploration for the Who Dat East subsea development in the Gulf of America. The contract includes fabrication, transportation, and installation of subsea infrastructure including a 29-km riser, pipe-in-pipe pipeline, umbilicals, and subsea controls. Project management will begin immediately in Houston with offshore activities scheduled for 2028. This contract strengthens Subsea7's project backlog, which stood at $13.6 billion at the end of Q2.

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