Luxembourg - 08 May, 2015 - Subsea 7 S.A. (Oslo
Børs: SUBC) announced today the award of a contract
with a value of approximately USD 300 million for
the Maria field development by Wintershall Norge
AS. The field is located in the Norwegian Sea at a
water depth of approximately 300 metres.
The pipeline and subsea construction contract
consists of engineering, procurement, construction
and installation (EPCI) of 95 kilometres of rigid
flowlines and associated structures to develop the
Maria field.
Project management and engineering work will
commence immediately at Subsea 7's offices in
Stavanger, Norway. Offshore activities will utilise
a variety of Subsea 7 vessels, including the new-
build vessel, Seven Arctic, with its high-end
capability and capacity. Offshore operations are
scheduled to commence in 2016 and are expected to
be completed in 2017. The pipeline production for
clad, mechanically lined pipe (BuBi®), plastic
lined and carbon steel pipelines will take place at
Subsea 7's spoolbase at Vigra, Norway.
Monica Bjørkmann, Vice President Norway said: "This
significant project awarded by Wintershall for
their Maria field development, recognises our
ability to deliver the full range of technological
solutions for subsea projects and our strong track
record as a reliable large scale EPCI contractor.
Subsea 7 looks forward to working closely with
Wintershall to successfully deliver our workscope,
with safety and quality at the forefront
throughout."
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Subsea 7 S.A. is a leading global contractor in
seabed-to-surface engineering, construction and
services to the offshore energy industry. We
provide technical solutions to enable the delivery
of complex projects in all water depths and
challenging environments.
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Contact for investment community enquiries:
Isabel GreenInvestor Relations Director
Tel +44 (0)20 8210 5568
isabel.green@subsea7.com
www.subsea7.com
Contact for media enquiries:
Carol Reed
Group Communications Director
Tel. +44 (0)20 8210 5570
carol.reed@subsea7.com
www.subsea7.com
