Subsea 7 (GB:0OGK) has released an update.
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Subsea 7 has secured a substantial contract from Aramco for decommissioning and installation projects at the Abu Safah field in Saudi Arabia, valued between $150 million and $300 million. This project, set to begin engineering immediately with offshore operations slated for 2026, will be managed from Subsea 7’s Al Khobar office, reinforcing their long-term relationship with Aramco.
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