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Subsea7 has secured a substantial contract from Chevron (via Noble Energy subsidiary) for subsea installation on the Aseng gas monetisation project offshore Equatorial Guinea. The work involves a single-well tieback connecting Aseng to the existing Alen infrastructure. This represents continued development of Gulf of Guinea hydrocarbons and deployment of major subsea contracting capacity.
Chevron has reached final investment decision (FID) on a gas monetization project offshore Equatorial Guinea, moving the development from planning to execution phase. Subsea7 has been contracted for subsea installation work in a multimillion-dollar deal. The project represents continued capital deployment in West African gas infrastructure despite global energy transition pressures.
Sable Offshore has commenced oil sales from its Santa Ynez Unit (SYU) offshore California to Chevron, marking operational commencement of this asset. The development indicates continued U.S. offshore oil production amid ongoing energy market dynamics. Specific production volumes and contract terms remain undisclosed.