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Subsea 7 Wins Sealines Deal

28 September 2011

Subsea 7 has tied up a $465 million contract for sealines offshore Nigeria but has remained mum on much of the detail.

The contract was awarded for the engineering, procurement, construction and installation of sealines, the company said in a short announcement.

However, the company did not name their client, while indicating it was a "major shallow water development.

Subsea 7 plans to start detailed engineering work on the project immediately, it said.

Offshore installation, using Subsea 7s Acergy Polaris pipelay vessel, would start in the third quarter of 2013, the company said.