(WO) – Kosmos Energy has awarded Subsea7 a contract worth $50 million to $150 million for the Tiberius project in the U.S. Gulf. The development is in Keathley Canyon block 964, in about 2,200 m (7,220 ft) of water.
Subsea7 will fabricate, transport and install a 14-km (8.7-mi) steel catenary riser and wet-insulated flowline tying Tiberius back to the Lucius spar, and will install an umbilical and subsea controls. Project management and engineering will start in the coming months at Subsea7’s Houston office, and offshore work is expected to begin in 2028.
“We are proud to work with Kosmos on this deepwater tieback,” said Craig Broussard, senior vice president for Subsea7 U.S. “We have developed a cost-effective solution designed to support safe and efficient delivery.”
Kosmos operates Tiberius with a 33.34% interest, and Occidental and Navitas Petroleum each hold 33.33%. Kosmos discovered the field in 2023.
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