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Subsea 7 — Regulatory Filings 2018
Aug 3, 2018
6244_iss_2018-08-03_3f0440b0-68d5-4df4-8809-8b887b743769.html
Regulatory Filings
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Subsea 7 awarded contract offshore UK
Subsea 7 awarded contract offshore UK
Luxembourg - 3 August 2018 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable(1) contract by Nexen as part of the Buzzard Phase 2 Project, located approximately 55 kilometres off the north-east coast of Scotland.
Subsea 7's contract scope includes project management, engineering, procurement, construction and installation of a 5km Pipeline Bundle along with associated well and platform tie-ins, and provision of a heavy lift vessel for transport and installation of a new topside module.
Project management and detailed engineering has commenced at Subsea 7's office in Aberdeen. The Pipeline Bundle will be fabricated at Subsea 7's Wester site near Wick, with technical support from Subsea 7's specialist Pipeline Group in Glasgow. Project management and engineering for the heavy lift work scope will be conducted from Seaway Heavy Lifting's office in Zoetermeer in the Netherlands.
The offshore activities will mainly take place in 2020.
Jonathan Tame, Subsea 7 Vice President UK & Canada, said: "Subsea 7 has a long established reputation of close collaboration with clients and supply chain partners to seek out innovative and value-adding ways of working. This award represents the ideal opportunity to demonstrate this and to continue our long history of successful project delivery to Nexen."
(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.
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Contact for investment community enquiries:
Isabel Green
Investor Relations Director
Tel +44 (0)20 8210 5568
www.subsea7.com
Contact for media enquiries:
Michelle Wainwright
Communications Manager, UK & Canada
Tel +44 1224 526570
Mobile +44 (0)7876778370
www.subsea7.com