Subsea7 Expands Sakarya Project Scope With New TP-OTC Order [Yahoo! Finance]
Archrock, Inc. (AROC)
Last archrock, inc. earnings: 2/19 07:16 pm
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Source: Yahoo! Finance
Subsea7 S.A. SUBCY recently announced that it has received a variation order from Turkish Petroleum Offshore Technology Center (TP-OTC) associated with the Sakarya field development, offshore Turkey. A variation order implies that the company has secured additional work under an existing contract. This order marks an extension to the contract award that SUBCY received last year for the third phase of the Sakarya gas field development. As part of the extension, Subsea7 will connect the Goktepe gas field to the Phase 3 floating production unit of the Sakarya field. The scope of the award covers engineering, procurement, construction and installation (EPCI) of subsea infrastructure, including flexibles spanning 20 kilometers and 120 kilometers of umbilicals. Additionally, a production riser and other associated subsea equipment will be installed at water depths reaching 2,200 meters. The company has mentioned that the contract is a ‘large' one, indicating that its value is expected
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AROC
Earnings
- 2/24/26 - Beat
AROC
Sec Filings
- 3/5/26 - Form 4
- 3/4/26 - Form 144
- 3/3/26 - Form 4
- AROC's page on the SEC website