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.”

About Subsea 7

Subsea 7 S.A. (Oslo Børs: SUBC) is a seabed-to-surface engineering, construction and services contractor to the offshore energy industry worldwide.
We provide integrated services, and we plan, design and deliver complex projects in harsh and challenging environments.