Subsea 7 Announces $100m North Sea Contract

09 August 2010

Subsea 7 Inc (OSE Symbol: SUB), one of the world's leading subsea engineering and construction companies, announced today that it has been awarded a contract in the UK sector of the North Sea valued in excess of US $100 million.

The Subsea 7 work scope is to engineer, fabricate, install and commission a pipeline bundle* system.

Offshore installation of the bundle is scheduled for the first half of 2012.

Further information regarding the contract award will be released at the earliest opportunity.