Subsea 7 announces resizing and cost reduction measures
The company is to make significant reductions to its global workforce and active vessels.
The company is to make significant reductions to its global workforce and active vessels.
During the meeting, Claudio Descalzi and Amine Mazouzi signed an agreement propaedeutic to the extension of the production licenses for the ROD reservoir.
The event will focus on underwater activity in the oil and gas, defence, oceanology and marine renewables industries.
The Musandam gas plant, located on the west coast of the Musandam peninsula, has a processing capacity of up to 20 000 bbls of crude; 45 million ft3 of gas and 75 t/day of LPG.
The companies have entered a MoU to provide integrated diving and ROV solutions in the Gulf of Mexico.