Subsea 7 announced the award of a sizeable(1) contract for work in the Gulf of Mexico. The contract will be recorded in backlog in the second quarter.

The scope of work includes engineering, procurement, construction and installation of subsea pipelines, and transport and installation works associated with the project. Offshore installation activities are scheduled for 2020.

At this time, no further details can be communicated for contractual reasons.

(1) Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.

About Subsea 7

Subsea 7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs. Subsea 7 is listed on the Oslo Bors (SUBC).