Cooper Energy Ltd. has selected Subsea 7 S.A. for subsea work for the Sole development project in the Gippsland Basin offshore Australia, according to a news release.
The contract scope includes the subsea tieback of the Sole well to the Orbost Gas Plant. This includes the fabrication and installation of 64 km of pipeline, spool and manifold, plus installation of a 64-km umbilical and the commissioning of the system, Subsea 7 said in the release.
The contract is valued at between $50 million and $150 million.
Subsea 7 said it plans to begin project management and engineering immediately from its Perth, Australia, office. Offshore operations are set to begin in 2018. The company added that the material offshore operations are subject to the Sole Development Project final investment decision, which is anticipated soon.
Recommended Reading
Prairie Operating Acquires More D-J Basin Assets for $94.5MM
2024-01-15 - Houston-based Prairie Operating Co. is scaling its D-J Basin footprint with a $94.5 million acquisition of Nickel Road Operating LLC.
Ministry Offers 62 Licenses Offshore Norway in APA 2023
2024-01-16 - Sixteen of the new awards from the Norwegian Offshore Directorate add acreage to existing production licenses.
Gibson, SOGDC to Develop Oil, Gas Facilities at Industrial Park in Malaysia
2024-02-14 - Sabah Oil & Gas Development Corp. says its collaboration with Gibson Shipbrokers will unlock energy availability for domestic and international markets.
E&P Highlights: Feb. 16, 2024
2024-02-19 - From the mobile offshore production unit arriving at the Nong Yao Field offshore Thailand to approval for the Castorone vessel to resume operations, below is a compilation of the latest headlines in the E&P space.
For Sale, Again: Oily Northern Midland’s HighPeak Energy
2024-03-08 - The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.