Killajoules

Subsea 7 S.A. awarded contract offshore Norway
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.

Subsea 7 S.A. awarded contract offshore Brazil
Subsea 7 S.A. (Oslo Børs: SUBC) has been awarded a contract worth approximately USD$200 million with a duration of approximately two years. The contract is for the installation of flexible lines for Petrobras' projects using Subsea 7's construction and flex-lay vessel Seven Seas, on a day-rate basis. The vessel has been operating for Petrobras under a similar day-rate contract since 2013 and will commence the new contract in direct continuation to the current one.

Subsea 7 S.A. awarded contract in Gulf of Mexico
Subsea 7 S.A. (Oslo Børs: SUBC; the Company) has been awarded a contract by Royal Dutch Shell (Shell) for installation work in the Gulf of Mexico. The contract value is in the range of $50 million to $100 million.

Subsea 7 S.A. awarded contract in Gulf of Mexico
Subsea 7 S.A. (Oslo Børs: SUBC; the Company) has been awarded a contract in the U.S. Gulf of Mexico by Freeport-McMoRan Oil & Gas in support of its development of the KOQV and Holstein Deep fields. The contract value is in excess of $50 million.

The scope of work covers the installation of flexible pipelines and umbilicals for both fields, with the offshore installation phase expected to be executed by the Subsea 7 vessel the Seven Seas in the fourth quarter of 2015. Onshore project management and engineering will be carried out from the Company’s Houston office.

Olivier Carré, Subsea 7’s Senior Vice President – Africa & Gulf of Mexico, said: “This is the first deepwater project for Freeport-McMoRan Oil & Gas and we look forward to building and developing our partnership with them. Subsea 7’s track record in managing and executing projects of this nature, working closely with the client, was key to our success in securing this contract.”

Subsea 7 S.A. awarded contract offshore Brazil
Subsea 7 S.A. (Oslo Børs: SUBC) today announced the award of a lump sum contract valued at approximately $110 million by Shell for the installation of jumpers, umbilicals and associated subsea structures for the BC-10 Phase 3 Project in the Campos Basin offshore Brazil.

Project management and engineering will be performed from Subsea 7’s offices in Rio de Janeiro and will commence in Q1 2014 with the offshore campaign starting in Q3 2015, using the construction/flexlay vessel the Skandi Neptune. The project has a total duration of approximately two years.

Victor Bomfim, Senior Vice-President of Subsea 7’s Brazil Territory, said: “We are pleased to have been awarded this important contract and be able to work once again with Shell Brazil, following our contracts for the Bijupirá-Salema and BC-10 Phase 1 developments. Subsea 7 looks forward to working closely with Shell to successfully deliver the work scope in a safe and timely manner.”

Subsea 7 S.A. awarded $75 million contract offshore Canada
Subsea 7 S.A. (Oslo Børs: SUBC) today announced the award of a US$75 million three-year subsea construction services contract by ExxonMobil Canada Properties.

The contract supports the Hebron heavy oil field development, located in the Jeanne d'Arc Basin 350 kilometres southeast of St. John's, Canada.

The contract scope includes the project management, engineering and installation of two Offshore Loading Systems in a water depth of 92 metres. Engineering and project management will begin immediately from Subsea 7’s offices in St John’s.

Stephen Henley, Managing Director of Subsea 7 Canada, said: “This contract award further enhances our construction capability across offshore Canada, building on the successes of our subsea engineering and construction work for our clients in the region.”

Subsea 7 S.A. awarded contract offshore Ghana
Subsea 7 S.A. (Oslo Børs: SUBC) today announced the award of a contract by Tullow Ghana Limited for the TEN Project offshore Ghana in water depths reaching up to 2000 metres. The contract was awarded to a consortium of Subsea 7 and Technip. Subsea 7’s share of the contract is valued at approximately US$500 million.

Subsea 7 S.A. awarded contract offshore Brazil
Subsea 7 S.A. (Oslo Børs: SUBC) today announced the award of a contract to its i-Tech division valued at approximately US$60 million by Petrobras.

Subsea 7 S.A. awarded contract offshore Gulf of Mexico
Subsea 7 S.A. (Oslo Børs: SUBC) today announced a contract award by Stone Energy valued in excess of US$70 million for the development of the Cardona field in the U.S. Gulf of Mexico.

Subsea 7 S.A. awarded US$140 million contract offshore Norway
Subsea 7 S.A. (Oslo Børs: SUBC) today announced the award of a contract valued at approximately $140 million from Statoil for the removal and replacement of risers, flowlines and associated subsea structures on the Norwegian Continental Shelf.