i-Tech Announces Multiple Contract Awards

Subsea 7 Inc. (OSE Symbol: SUB) through its i-Tech division, today announced the award of four new contracts with an estimated total value of $ 30m.

i-Tech has been awarded a four year contract by Petroleo Brasileiro S.A (Petrobras) for the provision of a ROV and underwater positioning services onboard a platform supply vessel (PSV) offshore Brazil. Canadian Superior Energy Inc. have also selected i-Tech to provide ROV services onboard a recently upgraded drilling unit offshore Trinidad and Tobago.