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Subsea7 wins decommissioning contract from Ithaca Energy offshore UK

December 1, 2025 at 02:00 PM UTCBy FilingReader AI

Subsea7 S.A. has been awarded a "sizeable" contract by Ithaca Energy for off-station decommissioning services in the UK sector of the North Sea. The contract, valued between $50 million and $150 million, covers the Alba Floating Storage Unit and the Greater Stella field FPF-1 production facility, located approximately 230 kilometers east of Aberdeen.

The scope of work includes flushing subsea pipelines, providing diver support vessel services, and seabed clearance. Project management and engineering will commence immediately at Subsea7's Aberdeen office, with offshore activities slated for Q2 2026. This award highlights Subsea7's three decades of decommissioning experience and its ongoing relationship with Ithaca Energy, which began in 2008.

Subsea7 is a global leader in offshore project delivery. The company's senior vice president of UK and global inspection, repair and maintenance, Hani El Kurd, emphasized the opportunity to demonstrate their capability in delivering complex, safe, and effective solutions.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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