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Subsea7 / Media / Company News / 2015 / Subsea 7 S.A. awarded contract offshore Australia

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Subsea 7 S.A. awarded contract offshore Australia

Luxembourg – 13 February 2015 - Subsea 7 S.A. (Oslo Børs: SUBC; the Company) today announced it has been awarded a contract by Woodside Energy Ltd for the Persephone Work Pack 2 Fabrication, Subsea Installation and Diving Services project, offshore Australia.

The Persephone Project consists of two wells tied into a subsea production manifold with production fluids transported to the existing North Rankin Complex (NRC). The contract comprises fabrication, transportation, installation and pre-commissioning activities within the principal scope of work, with additional deconstruction and pipeline suspension work in the Echo Yodel Field at the Goodwyn Alpha Platform.

The Company’s diving construction vessel Seven Eagle will perform all of the offshore activities. Project management and engineering will commence immediately from the Company’s office in Perth, Australia, with offshore operations scheduled to commence in the fourth quarter of 2015.

Andy Woolgar, Vice President, Australia & New Zealand, said: "We are very pleased to receive this important award from Woodside Energy Ltd. We believe it is a strong reflection of our long, successful and collaborative relationship with Woodside."