Subsea 7 Announces Mystery Contract Worth $750million

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20 May 2016

Subsea 7 has announced that it has been awarded a major offshore contract worth up to $750million, but declined to give details.

The oilfield services giant said the EPIC contract for offshore execution in 2017 and 2018 but "contractual obligations” prevented further details being disclosed.

"A more detailed announcement will be made in the near future,” the company said in a statement.