Subsea 7 awarded contract in the North Sea

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Friday, Nov 25, 2011

Subsea 7 S.A. (Oslo Børs: SUBC) announced today the award of a SURF contract valued at approximately $75 million from Total E&P Norge AS on the Atla (formerly David) Field, situated in the central part of the North Sea, 20km northeast of the Heimdal Field.

The contract scope includes the management, engineering, procurement and installation of a 7km 9,3’’ flexible flowline between the Atla and the Bygve Tee on the existing pipeline between Byggve and Heimdal, together with the installation of a 7km umbilical between the Atla Production Guide Base (PGB) and the Byggve PGB. The scope also  includes survey activities, tie-in and precommissioning activities and other associated services.

Engineering and project management will commence immediately, with offshore operations due to commence in the second quarter of 2012 utilising a number of Subsea 7’s pipelay and construction vessels.

Stuart Fitzgerald, Subsea 7’s Vice President, Norway said: “We are pleased to be awarded this contract by Total, which reflects our continuing ability to deliver complex subsea projects to the highest standards. This, combined  with our expertise as solution providers, aligns our world-class skills and technology with the needs of our clients.

We look forward to helping to bring this important fast track development on-stream in a safe and timely manner.”

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