Subsea 7 bags transportation and installation gig

UK-based subsea engineering, construction and services company Subsea 7 has been awarded a sizeable offshore transportation and installation contract.

Offshore execution is planned for 2020, the subsea company revealed in a short statement on Thursday.

No further details are disclosed at this time due to contractual obligations, the company added.

Subsea 7 defines a sizeable contract as being between $50 million and $150 million.