Subsea 7 wins sizeable contract from Kosmos Energy for US Gulf tieback
Subsea 7 has been awarded a sizeable contract by Kosmos Energy for the Tiberius project in the US Gulf, with offshore work starting in 2028.
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what happened
Subsea 7 S.A. (Oslo Børs: SUBC) reported that it has received a contract from Kosmos Energy Gulf of Mexico Operations, LLC for the Tiberius project in US waters. The development sits on lease KC-964 in water about 2,200 metres deep.
The work covers fabricating, transporting and installing a 14-kilometre steel catenary riser and a wet-insulated flowline to the Lucius Spar, plus an umbilical and subsea controls. Project management and engineering will start in the coming months at the company's Houston office, with offshore activities expected in 2028.
why it matters
Subsea 7 classifies contracts worth between $50 million and $150 million as sizeable. For the company it signals continued demand for deepwater subsea services, and for the US Gulf offshore market it points to ongoing investment in tieback projects. The project partners are Kosmos at 33.34%, Occidental at 33.33% and Navitas Petroleum US at 33.33%.
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sources
- Subsea 7 - awarded contract offshore US — globenewswire.com, 13 November 2026 at 18:36 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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