Subsea 7 wins contract worth up to USD 150M

Subsea 7, a global subsea engineering, construction and services company headquartered in Sutton, United Kingdom, recently announced it had been awarded what it termed a “sizeable” offshore transportation and installation contract.

Offshore execution of the contract is planned for 2020, but Subsea 7 declined to disclose further details of the deal, citing contractual obligations. The company noted it defines a ‘sizeable’ contract as being one valued at between USD 50M and 150M.

Subsea 7 provides seabed-to-surface engineering, construction and service contracts to the offshore energy sector. Its fleet comprises of 31 ships capable of carrying out activities such as global pipelay and heavy construction, flex-lay, light construction, diving and remote intervention duties. It also operates a range of remotely operated vehicles ranging from observation-class units to drill-support and heavy-duty construction-class vehicles.

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