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Subsea7 won a $50–150M Shell contract to install subsea systems for a Louisiana oil project starting in 2027.
Subsea7 has won a sizeable $50–150 million contract from Shell to install subsea infrastructure for the Kaikias Waterflood project in the deepwater Mars-Ursa Basin off Louisiana, with work beginning in 2027.
The project, part of a 2025 investment decision, aims to boost recoverable oil by 60 million barrels.
Subsea7 will manage the project from Houston, leveraging its deepwater expertise to support Shell’s long-term field value.
Separately, its subsidiary Seaway7 secured a substantial offshore wind contract in Germany.
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Subsea7 ganó un contrato de Shell de $50150M para instalar sistemas submarinos para un proyecto petrolero de Luisiana a partir de 2027.