The Subsea 7/Clough Offshore Consortium has been awarded the EPIC subsea contract by operator Santos Limited for the Mutineer-Exeter oilfields development, located on the NW shelf of Western Australia. The total contract value is in the order of USD 50 million with Subsea 7’s portion being worth approximately USD 28 million. Clough Offshore’s portion is worth approximately USD 22 million. The Mutineer-Exeter Development is located approximately 150km north of Dampier off the coast of Western Australia in 150m of water. The Exeter field is located approximately 10km SW of the Mutineer field. Completion of the subsea works is planned for the first quarter of 2005.
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