U.K.-based offshore services company Subsea7 S.A. announced it has been awarded a contract by an affiliate of Murphy Oil Corp., Houston, for the String Music development in the U.S. Gulf.
Terms of the deal were not disclosed, but Subsea7 described the contract as “sizeable,” which it defines as between $50 million and $150 million.
The contract was awarded by Murphy Exploration & Production Co., Murphy’s U.S. subsidiary, which operates the independent producer’s assets in the Gulf of Mexico, renamed by the Trump administration as the Gulf of America…