Subsea 7 lands ‘substantial’ offshore contract

UK subsea engineering, construction, and services company Subsea 7 has been awarded a substantial offshore conventional contract.

The subsea company said on Monday that offshore execution of this contract is planned for 2019 and 2020.

However, no further details are disclosed at this time due to contractual obligations.

It is also worth reminding that Subsea 7 defines a substantial contract as being worth between $150 million and $300 million.