Subsea 7 Grabs ‘Substantial’ Contract

Subsea 7 said it has been awarded a ‘substantial’ offshore Conventional contract with an undisclosed client.

Offshore execution is planned for 2019 and 2020.

The contract is said to be between USD 150 million and USD 300 million.

No further details have been disclosed at this time due to contractual obligations, the company said in its Oslo stock exchange filing.

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