Subsea 7 awarded contract in Gulf of Mexico

Subsea 7 SA has been awarded a three-year $160 million contract extension by BP Exploration & Production Inc. for light subsea construction, inspection, repair and maintenance services in the US Gulf of Mexico.

Offshore staff

LUXEMBOURGSubsea 7 SA (Oslo Børs: SUBC) has been awarded a three-year $160 million contract extension by BP Exploration & Production Inc. for light subsea construction, inspection, repair and maintenance services in the US Gulf of Mexico.

The contract will run from 2Q 2014 to 3Q 2017, and covers the provision of two vessels, including a dedicated vessel on a full-time basis, associated project management and engineering support, ROV-based inspection and intervention, and light construction work.

One of the vessels to be utilized in the contract is a newbuild offshore subsea construction vessel, while the other is a light-construction vessel. Both vessels will be chartered on a long-term basis.

05/03/2014

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