Subsea7 S.A. SUBCY has secured a contract with Saudi Arabia’s state-owned oil company, Aramco, for pipeline replacement work at the Abu Safah field.The Abu Safah field is located offshore Saudi ...

Aramco in recent months awarded at least three strategic offshore projects for its Hasbah and Abu Safah oil and gas fields, as it continues to press ahead with its crucial capacity maintenance ...

It is partially reliant on revenues from the Abu Safah field it shares with Saudi Arabia and requires an oil price of about $125 per barrel to achieve budgetary equilibrium. Interest payments to ...