Subsea 7 lands ROV contracts

Subsea 7's i-Tech division has won two ROV contracts.

Offshore staff

GEORGETOWN, Cayman Islands --Subsea 7's i-Tech division has won two ROV contracts.

One is from Shell Brasil Ltd. for $12 million covering two ROVs for a semisubmersible drilling rig and an anchor-handling tug working for the BC10 project in Campos basin. The contract begins in mid-year and runs for three years. Water depths are 1,700 m to 2,000 m (5,577 ft to 6,562 ft).

The second contract, for $5 million, is from Apache Energy Ltd. for ROVs on two semis drilling offshore Australia. Both rigs are in 500 m (1,640 ft) of water.

03/29/2007

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