Energy service firm Subsea 7 has clinched two contracts with BP for the Azeri Central East (ACE) project in the Caspian Sea.

The contract values were not disclosed, but are understood to be worth between $50-150 million combined.

The project requires a new 48-slot production, drilling and living quarters platform located between the existing Central Azeri and East Azeri platforms.

Subsea 7 will build subsea structures, install spools, launch a 16,200 tonne jacket and float over an 18,500 tonne topside.

It will fulfil the contracts alongside BOS Shelf, which will be responsible for the fabrication, logistics and facilities support.

Engineering work will start immediately at Subsea 7s office in France. The offshore phase will take place in 2021 and 2022.

Gilles Lafaye, Subsea 7s Vice President Africa Region, said: This project reflects our long-term relationship and early engagement with BP Exploration and builds on our Life of Field activities in Azerbaijan.

We look forward to increasing our presence in the Azerbaijani market with safe and reliable solutions for its offshore energy developments.

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Subsea 7 awarded contracts offshore Azerbaijan by BP - News for the Oil and Gas Sector - Energy Voice