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Subsea7 lands up to $300m contract on Barents Sea gas export project

24 May 2026

Oslo-listed offshore engineering and services contractor Subsea7 has secured its first project award under a recently signed strategic alliance with Vår Energi, winning a substantial contract for the Goliat gas export project in the Norwegian Barents Sea. The contract, valued by Subsea7 at between $

Oslo-listed offshore engineering giant Subsea7 has officially secured a major contract worth up to $300 million for the Goliat gas export project located in the Norwegian Barents Sea. This project marks the inaugural award under a strategic alliance between Subsea7 and Vår Energi. The scope involves complex subsea infrastructure development, necessitating specialized offshore support vessels and advanced subsea construction equipment to navigate the harsh Arctic conditions of the Barents Sea, further solidifying Subsea7’s dominance in high-latitude energy infrastructure projects.

Operations within the Norwegian Barents Sea must strictly adhere to the IMO Polar Code, which provides mandatory requirements for ships operating in polar waters to ensure safety and environmental protection. Compliance with SOLAS Chapter XIV is essential, as it mandates specific risk assessments for vessels navigating these ice-prone regions. Furthermore, operators must ensure rigorous adherence to MARPOL Annex I regarding oil discharge prevention and Annex VI for emission controls. Classification society requirements from DNV are also critical for verifying the structural integrity of subsea assets during installation.

This development creates significant operational demand for experienced chief engineers and second engineers familiar with dynamic positioning systems and subsea construction vessel maintenance. These officers must prioritize rigorous maintenance schedules for hydraulic equipment and subsea umbilical systems to ensure compliance with stringent North Sea safety standards. Keeping updated on the latest DNV class notations and Polar Code operational limitations is essential for navigating the complex technical requirements of this high-value Barents Sea gas export infrastructure project.

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