Subsea 7 secures frame agreement with Nexen

Nexen Petroleum UK has awarded Subsea 7 an exclusive three-year frame agreement contract for subsea field development works on all its UK assets.

Offshore staff

ABERDEEN, UK -- Nexen Petroleum UK has awarded Subsea 7 an exclusive three-year frame agreement contract for subsea field development works on all its UK assets.

Under the contract, Subsea 7 will provide concept development and costing, provision of project management, design engineering, procurement, fabrication, as well as installation and commissioning, with the potential to provide inspection, repair, and maintenance (IRM) services in the future.

The contract has two, one-year extension options.

04/30/2009

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