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Stock impact report

Subsea7 secures EPCI contract for PPF project offshore Norway [Yahoo! Finance]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Described by Subsea7 as a significant contract, it includes the supply and installation of subsea structures, umbilicals, risers and flowlines (SURF). This follows an earlier agreement on 19 May 2025 for front-end engineering and design (FEED), which defined the technical scope of the development. Subsea7 will immediately start engineering and project management activities from its office in Norway. The key offshore operations are scheduled for 2027 and 2028. The PPF development will connect to the existing Ekofisk complex approximately 290km south-west of Stavanger. Subsea 7 Norway vice-president Erik Femsteinevik said: “This award continues our strong collaboration with ConocoPhillips. “The FEED study enabled Subsea7 to engage early in the field development process, optimising design solutions and contributing to the final investment decision [FID]. “We are excited to continue working closely with ConocoPhillips to deliver the PPF development project safely and efficien Show less Read more
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