Subsea7 Wins $150m–$300m Lyra Contract

The contract is classified as “substantial” under Subsea7’s reporting terminology. The company defines this category as awards worth between $150 million and $300 million. It has not disclosed the precise value of the Lyra contract.

Lyra development to connect to existing North Sea infrastructure

The Lyra field, previously known as Kjøttkake, is located in the northern North Sea, approximately 44 kilometres from the Gjøa platform offshore Norway.

The development will be connected to the existing Gjøa platform through the NOVA field infrastructure. This tie-back approach will link the new field to established offshore infrastructure rather than requiring a separate production platform.

Subsea7’s contract scope includes the engineering, procurement, construction and installation of gas lift and production pipelines, together with associated subsea infrastructure.

The production pipeline will use a pipe-in-pipe design. Subsea7 said offshore installation work will be carried out using vessels from its existing fleet.

Engineering and fabrication work planned in Norway

Project management and engineering activities are scheduled to begin immediately at Subsea7’s office in Stavanger. Pipeline fabrication will take place at the company’s spool base at Vigra, also in Norway.

Offshore installation activities are planned across 2026, 2027 and 2028, aligning the contractor’s work programme with the field development schedule.

The use of Subsea7’s Norwegian engineering and fabrication facilities places key parts of the project’s delivery programme within the country. The company has not provided further details on the number of vessels, pipeline lengths or installation timetable.

Aker BP targets first oil in 2028

The Lyra development is targeting first oil in 2028, approximately three years after the field’s discovery.

Subsea7 said it received a pre-commitment for critical long-lead items in December 2025 to support the accelerated project schedule. Early commitment to equipment and materials can help contractors address procurement requirements before the full offshore installation programme begins.

The award also draws on the Aker BP Subsea Alliance, a partnership involving Aker BP, Subsea7 and OneSubsea. Subsea7 said the collaboration supported early preparation for the project, including the securing of long-lead items and mobilisation of engineering, fabrication and offshore resources.

Erik Femsteinevik, Vice President Norway at Subsea7, said the Lyra project demonstrated the alliance’s ability to coordinate engineering, fabrication and offshore resources to support the development’s accelerated production target.

Market implications for Norway’s offshore supply chain

The contract adds to Subsea7’s work in the Norwegian offshore market and provides activity for its Stavanger engineering office and Vigra spool base over the project period.

For the wider offshore supply chain, the award illustrates the continued role of subsea tie-back developments in bringing new fields into production through existing infrastructure. Such projects require coordinated engineering, pipeline fabrication, subsea installation and integration with operating facilities.

The Lyra project also highlights the importance of early procurement planning when operators seek to shorten the time between discovery and first production. Subsea7’s pre-commitment for long-lead items in December 2025 was intended to support the development’s 2028 production target.

The contract value, project scope and execution schedule have been disclosed by Subsea7. The company has not announced a detailed breakdown of the contract’s financial contribution across individual project years.

Follow B2B Market Signal on social media for the latest business news, industry developments, market intelligence and analysis. Connect with us on LinkedIn and follow us on Instagram at @b2bmarketsignal for regular updates