Luxembourg - 14 October 2015 - Subsea 7 S.A. (Oslo
Børs: SUBC ADR: SUBCY) today announced the award of a
sizeable(1) contract to Subsea 7 by Pharaonic
Petroleum Company S.A.E. for the development of the
East Nile Delta Phase 3 Project (END-3). This award
was the result of a competitive tender process.
The project scope includes installation engineering,
procurement and fabrication of rigid spools, and
installation of pipeline, umbilical and subsea
structures to develop the resources from two wells
including 8 kilometres of umbilicals and pipeline. The
field development will be at depths of approximately
80 to 90 metres.
Fabrication of spools will be carried out at
Petrojet's yard in Egypt. Offshore installation is
scheduled to commence in the fourth quarter of 2015
using the Subsea 7 vessels Rockwater 2 and Seven
Borealis.
Gilles Lafaye, Vice President Africa, said: "Subsea 7
is pleased to once again provide services for the
Taurt and Ha'py field developments. This important
award recognises our technical expertise and strong
track record of good execution for Pharaonic Petroleum
Company and reinforces our presence in Egypt."
(1) Subsea 7 defines a sizeable contract as being
between USD 50 million and USD 150 million.
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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 Green
Investor 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
