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Additional scope covers floating production unit towing and mooring works.
Subsea7 announced a TP-OTC contract extension for Sakarya Phase 3 on September 23. The Black Sea scope covers towing, mooring-line installation and connections for a floating production unit scheduled for commissioning in 2028.
Management and engineering will be based in Istanbul. Subsea7 classifies the award within its $50–150 million range without disclosing an exact value. It extends an existing contract rather than marking a completed production increase.
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Official figures presented for 2022 and 2023 diverged; the committee requested explanations, while the next hearing date remains unannounced.
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Nigeria’s presidency says two compressor stations in Edo State are needed to enable the pipeline to use its expanded design capacity of 2.3 billion standard cubic feet a day.
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The explorer would retain 20% in each Saskatchewan property as its partner takes a larger funding share.
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