Subsea 7 Announces $55m Contract in the North Sea

10 November 2010

Subsea 7 Inc, one of the world's leading subsea engineering and construction companies, today announces the award of a contract in the Danish sector of the North Sea valued in excess of US $55 million.

The Subsea 7 work scope is to engineer, procure, fabricate, install and commission a 2.2.km bundle system. Included in the scope of work are the associated subsea tie-ins and testing and pre-commissioning works.

Offshore installation of the bundle system is scheduled for 2011 with tie-ins in 2012.

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