Sunday, 15 September 2019

Company Updates

Subsea 7 S.A. Awarded $75 Million Contract Offshore Canada

subsea 7 77Subsea 7 S.A. (Oslo Børs: SUBC) has 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."

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We aim to keep you updated weekly with relevant information concerning the Offshore Energy Sector.

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Technology Systems Corporation
7897 SW Jack James Dr. Suite A
Stuart, FL 34997

Phone: +1 772.221.7720