Subsea7 SA has secured a contract from Woodside Energy Group Ltd to provide installation services for the Trion development.
Trion, a greenfield development that would represent the first oil production from Mexico’s deepwater, is being developed by Woodside in a joint venture with Pemex. First oil production is targeted for 2028. The field is located approximately 18.6 miles (30 kilometers) south of the US-Mexico border and 111.8 miles (180 kilometers) away from the Mexican coastline.
Subsea7 said in a news release that the contract is “large”, which the company defines as being between $300 million and $500 million. Project management and engineering will begin immediately from the company’s offices in the USA and Mexico, while offshore activities are expected to take place between 2026 and 2027.
The project involves a wet tree subsea system connected to an infield floating production unit (FPU). Subsea7 said it will be responsible for the engineering, construction, and installation of the subsea umbilicals, risers, and flowlines, as well as the associated subsea architecture.
Craig Broussard, Vice President for Subsea7 Gulf of Mexico, said, “This award acknowledges our strong partnership with Woodside globally. With our experience in the Gulf of Mexico and proven track record, we can deliver innovative, reliable, fast-tracked solutions that create value for our clients. We are proud to be a part of Woodside and Pemex’s first deepwater development in Mexico”.
Woodside in February received social impact assessment approval from the Mexican Ministry of Energy. The assessment, which outlines how Woodside will manage the social impact of the project, was submitted in May 2023. The company received approval from Mexico’s regulator to proceed with the development plan for the Trion oil field in September 2023.
Contract Extension with BP
Earlier, Subsea7 was awarded a “sizeable” two-year extension of an existing frame agreement by BP plc for subsea construction, inspection, repair and maintenance services (IRM), across BP’s North Sea assets. The company defines a sizeable contract as being between $50 million and $150 million.
The extension is the agreement’s latest one since the original frame agreement began in 1998. Under the terms of the extension, Subsea7 will provide an IRM, survey and light construction vessel, complete with work class and observation class remotely operated underwater vehicles (ROV), capable of performing inspection, survey, intervention, subsea construction and emergency response services. Project management and engineering work will continue to be managed from Subsea7’s office in Aberdeen.
Steve Wisely, Senior Vice President for Subsea7 UK & Global Inspection, Repair and Maintenance, said, “We are immensely proud of the safe and effective IRM services we have executed for bp for 25 years across its west of Shetland assets. Supporting BP in what is notably one of the harshest offshore environments, has significantly contributed to the expansive deepwater project delivery expertise that we offer across the globe”.
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