Subsea 7 S.A. awarded $70 million North Sea contract

Tuesday, Nov 20, 2012

Subsea 7 S.A. (Oslo Børs: SUBC, the "Company") today announced the award of a $70m contract for subsea construction services associated with pipeline replacements North East of Shetland.

A key part of the project is the fabrication and installation of 27km of replacement pipeline, and associated tie-ins to the existing infrastructure.

The contract will be engineered and managed from Subsea 7’s Aberdeen offices, with offshore work due to commence in Q3 2013.

Steph McNeill, Subsea 7 Vice President UK and Canada, said: "This contract award highlights our proven ability to deliver fast track, technically demanding projects in harsh offshore environments."

Source: Subsea 7 S.A.

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