Subsea7 Secures Major Contract for Offshore Installation
Subsea7 Awarded Major Contract
Luxembourg – Subsea7 S.A. (Oslo Børs: SUBC) has announced the award of a significant contract, marking a milestone in its operations within the offshore project delivery sector. This contract is classified as substantial, with a value estimated between $150 million and $300 million.
Project Scope and Timeline
The awarded project entails extensive engineering and offshore installation processes. Key components include the deployment of flexible pipes, umbilicals, subsea equipment, and a comprehensive mooring system. The groundwork for this project will commence promptly at Subsea7's Houston office, with the intention of initiating offshore operations by 2027.
Subsea7's Commitment to Quality
Subsea7 continues to position itself as a leader in the offshore project market. The company prides itself on delivering high-quality and efficient services designed to cater to the dynamic demands of the energy sector. As a preferred partner in this evolving industry, Subsea7 focuses on creating sustainable value for its stakeholders. Through its commitment to excellence, it seeks to address the energy needs of the future.
Leadership and Vision
Subsea7 is not just a service provider; it is an industry partner dedicated to meeting the challenges posed by energy demands. Listed on the Oslo Børs under the ticker SUBC, Subsea7 aims to leverage its expertise to provide innovative offshore solutions. The company emphasizes its responsibility to its clients as well as the environment, ensuring a balanced approach to project execution.
Contact Information
For those interested in investment opportunities and inquiries, Katherine Tonks serves as the Investor Relations Director. Potential investors can reach her at Tel +44 20 8210 5568 or via email at ir@subsea7.com.
Media Relations Queries
The Communications Manager, Ashley Shearer, is available for media inquiries. To reach Ashley, call +1-713-300-6792 or email at ashley.shearer@subsea7.com.
Frequently Asked Questions
What type of contract has Subsea7 received?
Subsea7 has been awarded a substantial contract valued between $150 million and $300 million for offshore projects.
What is the focus of the awarded project?
The project includes engineering and the offshore installation of flexible pipes, umbilicals, subsea equipment, and a mooring system.
Where will the project management take place?
Project management and engineering activities will begin at Subsea7’s office located in Houston.
When are the offshore operations scheduled to start?
Offshore operations for the project are expected to commence in 2027.
How can one contact Subsea7 for inquiries?
For investment inquiries, contact Katherine Tonks, or for media inquiries, reach out to Ashley Shearer.
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