Subsea7 Secures New Decommissioning Contract From Saudi Aramco
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Subsea7 has secured a new decommissioning contract from Saudi Aramco, which involves decommissioning current subsea infrastructure and pipeline replacement at the Abu Safah field.
December 13, 2024 | 3:30 pm
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Subsea7 has been awarded a decommissioning contract by Saudi Aramco, which includes subsea infrastructure decommissioning and pipeline replacement at the Abu Safah field.
The new contract with Saudi Aramco is likely to positively impact Subsea7's stock price in the short term due to the potential revenue and strengthened partnership with a major client. The contract involves significant work in decommissioning and pipeline replacement, which could enhance Subsea7's market position.
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