Killajoules

Subsea 7 S.A. awarded contract offshore Brazil
Subsea 7 S.A. (Oslo Børs: SUBC) announced the award of a contract with a value (at the time of contract signature) of around U$450 million from Petrobras. The contract is for the operation of the Pipe Lay Support Vessel (PLSV) Seven Phoenix on a day rate basis for five years, with operations starting in the third quarter of this year.

Subsea 7 S.A. awarded contracts offshore Brazil
Subsea 7 S.A. (Oslo Børs: SUBC) today announced theaward of three contracts with a combined value in excess of US$300 million from Petrobras. The scope of work comprises the installation of flexible lines by the Seven Seas, under two lump sum contracts and one day rate contract.

Subsea 7 awarded $140 million contract offshore Mexico
Subsea 7 S.A. (Oslo Børs: SUBC) today announced an award to its Mexican joint venture from Pemex valued at approximately $140 million. The contract comprises the engineering, fabrication and installation of a 16km pipe, two slug catchers and two cantilever structures for the Line 60 Project in the Bay of Campeche. This contract is the first award to the joint venture.

Subsea 7 S.A. awarded contract offshore Norway
Subsea 7 S.A. (Oslo Børs: SUBC) announced today the award of the Varg Gas Export Contract from Talisman Energy Norge AS for the development of a gas export pipeline at the Varg field, located 200 km off the Norwegian coastline, West of Stavanger. The contract is valued at approximately $60 million.