Subsea 7 Lands New Gig

Subsea 7 said it has been awarded of a contract with an undisclosed client for a conventional project in shallow water.

According to the company, offshore campaign is scheduled for 2019.

The rest of the details have been kept confidential at this time due to contractual obligations, Subsea 7 said in its Oslo Exchange filing on Thursday.

Seabed-to-surface engineering, construction and services contractor only said that the contract is worth between $50 million and $150 million.

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