Subsea 7 S.A. announced the award of a sizeable(1) contract for work in the Gulf of Mexico. The contract will be recorded in backlog in the second quarter.
The scope of work includes engineering, procurement, construction and installation of subsea pipelines, and transport and installation works associated with the project. Offshore installation activities are scheduled for 2020.
At this time, no further details can be communicated for contractual reasons.
(1) Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.
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Subsea 7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.
Subsea 7 is listed on the Oslo Bors (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.
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Contact for investment community enquiries:
Katherine Tonks
Investor Relations Director
Tel +44 (0)20 8210 5568
katherine.tonks@subsea7.com
www.subsea7.com
Contact for media enquiries:
Tracey Miller
Group External Communications Manager
Tel + +44-1224-265-733
tracey.miller@subsea7.com
www.subsea7.com
Contact Information:
Tracey Miller
Group External Communications Manager
Tel + +44-1224-265-733
tracey.miller@subsea7.com
www.subsea7.com
Tags:
, Wire, Disclosure Newswire, United States, English
Contact Information:
Tracey Miller
Group External Communications Manager
Tel + +44-1224-265-733
tracey.miller@subsea7.com
www.subsea7.com