Subsea7 has secured a substantial contract extension with Turkish Petroleum Offshore Technology Center AS (TP-OTC) for the Sakarya field development project in the Black Sea, offshore Türkiye. The new deal represents an expansion of the original contract announced by Subsea7 in August 2025 for the third phase of Sakarya, connecting the recently discovered Goktepe field to the Phase 3 floating production unit. This significant award underscores the importance of the Sakarya field development project to meet Türkiye's growing energy demands.
The scope of work comprises engineering, procurement, construction and installation (EPCI) of approximately 20 kilometers of flexibles, 120 kilometers of umbilicals, a rigid production riser and associated subsea equipment in water depths of 2,200 meters. This extensive infrastructure development will enable the connection of the Goktepe field to the existing Sakarya Phase 3 facilities, thereby increasing overall gas production from the area. The complexity of this project highlights Subsea7's expertise in delivering large-scale EPCI contracts.
Project management and engineering for the contract will be coordinated through the Subsea7 office in Istanbul, Türkiye. Offshore activities are expected to commence in 2027 and 2028, marking a significant phase in the development of the Goktepe field. The successful execution of this project will contribute to the growth of Türkiye's energy sector, supporting the country's ambitions to increase gas production.
Subsea7 has classified the contract as large, meaning it is valued between $300 million and $500 million. This substantial award reflects the company's reputation for delivering high-value EPCI contracts in challenging offshore environments. The financial implications of this deal will have a positive impact on Subsea7's bottom line, reinforcing its position as a leading player in the global subsea industry.
The Goktepe field development project is a critical component of Türkiye's energy strategy, aimed at increasing gas production to meet domestic demand and reduce reliance on imported fuels. The successful connection of this field to the existing Sakarya Phase 3 facilities will enable the Turkish Petroleum Offshore Technology Center AS (TP-OTC) to increase overall gas production from the area. This, in turn, will support Türkiye's energy security and contribute to the country's economic growth.
Subsea7's long-term relationship with TP-OTC is a testament to the company's commitment to supporting the development of the Turkish energy industry. The partnership has enabled Subsea7 to gain valuable experience in delivering complex EPCI contracts in challenging offshore environments. This expertise will be crucial in driving the success of future projects, including those related to the Sakarya field development.
The award represents a significant milestone in the development of the Goktepe field, underscoring the importance of increased gas production to meet Türkiye's energy needs. As the global demand for liquefied natural gas (LNG) continues to grow, projects like this will play a critical role in meeting that demand and supporting the transition to cleaner energy sources.
The successful execution of this project will have far-reaching implications for Subsea7, reinforcing its position as a leading player in the global subsea industry. The company's expertise in delivering large-scale EPCI contracts will be showcased through this award, driving business growth and expanding its customer base.
The Turkish Petroleum Offshore Technology Center AS (TP-OTC) is making a significant contribution to the development and growth of the Turkish energy industry through projects like the Sakarya field development. This commitment to investing in infrastructure development will support Türkiye's economic growth and contribute to the country's energy security, reducing its reliance on imported fuels.
The large variation order by TP-OTC represents a significant milestone in the development of the Goktepe field, underscoring the importance of increased gas production to meet Türkiye's energy needs.
