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-0.000747943156320104 -0.00149588631264021 -0.00373971578160065 -0.00635751682872108 -0.00336574420344053 0.00299177262528041 0.00149588631264021 -0.00373971578160065
Stock impact report

Subsea7 (SUBCY) Secures Talos' Sunspear Development Contract [Yahoo! Finance]

Talos Energy, Inc. (TALO) 
Last talos energy, inc. earnings: 3/11 06:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Gulf of Mexico is described as a “sizeable” contract, implying that it is valued in the range of $50-$150 million. The project entails connecting one production well at Sunspear to the Prince platform, which is located 12 km to the north, through the subsea tieback. Subsea7 will be responsible for the installation of the flowline and associated subsea equipment at a depth of 500 meters underwater. SUBCY's Houston office will be responsible for the management of the project and its installation engineering. The offshore operations are scheduled to begin later this year. The contract for Sunspear development came to the subsea engineering firm months after it signed a three-year strategic agreement with Talos. The agreement is focused on developing innovative commercial solutions for subsea engineering, procurement, construction and installation projects in the Gulf of Mexico shelf. In July 2023, Talos discovered commercial quantities of oil and natural gas while drilling the Suns Show less Read more
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