SUBSEA 7 INC. (OSE Symbol: SUB) announced today that it has been awarded a contract valued at approximately US $ 200 million by Esso Angola Ltd. for work associated with the Kizomba C Saxi-Batuque project in Block 15 offshore Angola.
The Saxi-Batuque project will be developed using a conversion FPSO host with tie back of two drill centres for Batuque and two drill centres for Saxi. Subsea 7 will perform the design, pipe fabrication and installation of 16 steel flowlines and their accompanying flowline terminations. In total, there will be 50km of flowlines ranging between 6