Subsea 7 wins contract in Gulf of Mexico

Offshore staff

LUXEMBOURG BP Exploration & Production Inc. has awarded Subsea 7 SA (Oslo Børs: SUBC) a three-year $160-million contract extension for light subsea construction, inspection, repair, and maintenance services in the US Gulf of Mexico.

The contract will run from 2Q 2014 to 3Q 2017. The scope covers the provision of two vessels, including a dedicated vessel on a full-time basis, associated project management and engineering support, ROV-based inspection and intervention, and light construction work.

One of the vessels is a newbuild offshore subsea construction vessel, while the other is a light-construction vessel.

06/16/2014

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