Luxembourg - 30 December 2015 - Subsea 7 S.A. (Oslo
Børs: SUBC, ADR: SUBCY) today announced the award of a
sizeable(1) contract by Burullus Gas Company S.A.E.
for the platform extension and tie-in on the first
phase of the West Nile Delta development of the Taurus
and Libra fields by BP, offshore Egypt.
Engineering and project management work will commence
immediately and will be undertaken at Subsea 7's Cairo
office and Subsea 7's Global Projects Centre in
London. Fabrication of the deck extension and spools
will be carried out at the Petrojet Maadia yard near
Alexandria. Offshore work is scheduled to commence in
the second half of 2016 using Subsea 7's Rockwater 2
as the main hook-up and accommodation vessel with
Seven Borealis performing the offshore lift of the
platform extension and the heavy construction vessel,
Seven Arctic, installing the umbilical.
Oeyvind Mikaelsen, Executive Vice President Southern
Hemisphere and Global Projects said: "This contract
recognises the value we bring to our clients through
early engagement to engineer, design and deliver cost-
effective solutions for complex field developments. We
look forward to expanding our presence in Egypt and
building a long, successful and collaborative
relationship with Burullus."
(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
