Subsea 7 — M&A Activity 2018

Jun 13, 2018

Subsea 7 awarded contract offshore Eqypt

Luxembourg – 13 June 2018 – Subsea 7 announced today the award of a sizeable⁽¹⁾ engineering, procurement, installation and commissioning contract by Burullus Gas Company for the West Delta Deep Marine Phase 9b development project, offshore Egypt.

The scope includes connecting six new wells into existing subsea facilities using umbilicals and flexible flowlines. Project management and engineering work has already commenced at Subsea 7's office in Cairo, Egypt and Paris, France. Fabrication of the subsea structures and spools will be carried out at Petrojet's yard near Alexandria, Egypt.

Offshore work is scheduled to commence in the second half of 2019.

Subsea 7's Regional Vice President for Africa, Gilles Lafaye, said: "This award recognises our track record of good execution and our established local presence in Egypt. We look forward to continuing our successful and collaborative relationship with Burullus."

⁽¹⁾ Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.

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Subsea 7 S.A. is a leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry. We provide technical solutions to enable the delivery of complex projects in all water depths and challenging environments. Subsea 7 is listed on the Oslo Bors (SUBC), ISIN LU0075646355. ***************************************

Contact for enquiries: Isabel Green Investor Relations Director Tel +44 (0)20 8210 5568 isabel.green@subsea7.com www.subsea7.com

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