i-Tech Announces $20M, 5-Year ROV Contract Award by Tullow Ghana

14 August 2009

Subsea 7 Inc, through its i-Tech division, today announced a $20m award by Tullow Ghana Ltd (Tullow) for the provision of ROV services onboard a Client provided vessel to support production from the Jubilee field offshore Ghana in water depths of up to 1,400m.

The initial contract term is five years, with two one year options, with offshore works scheduled to commence quarter two 2010. For this contract, i-Tech will provide a newbuild 150hp Centurion QX work-class ROV system.

Using field-proven design and the latest in propulsion and handling system technology, the Centurion QX is i-Tech's flagship work-class ROV system, offering the optimal combination of power to weight and being perfectly suited for drilling and field support programmes.

i-Tech's Managing Director, Neil Milne, commented, "The Jubilee field is one of the most exciting discoveries of recent years and I am delighted that Tullow has chosen i-Tech to provide ROV services on such a prestigious project.”