Luxembourg - 3 July 2015 - Subsea 7 S.A. (Oslo
Børs: SUBC, ADR: SUBCY) today announced the award
of four contracts by Chevron Australia Pty Ltd
('Chevron') and INPEX Operations Australia Pty Ltd
('INPEX' - as operator of the Ichthys LNG Project),
for the engineering, procurement and construction
of an Emergency Pipeline Repair System (EPRS) to be
used offshore Australia.
This EPRS project consists of developing a process
of repair, including both equipment and contingency
procedures, to support the Chevron-operated
pipelines and INPEX's Ichthys pipeline off the
North and Northwest coasts of Australia. These
pipelines are located in various water depths of up
to 1,350 metres and are up to 44" in diameter. The
contracts comprise design, fabrication and
procurement of repair equipment and development of
repair methodologies and procedures that will be
available during the life of the Chevron and INPEX
operated assets.
Project management, engineering and procurement
will commence immediately from Subsea 7's office in
Perth, Australia, with support from Subsea 7's
intervention and autonomous system specialists in
Aberdeen. Site integration testing is due to be
completed by 2017.
Stephen Steele, Vice President, Life of Field,
said: "This award reinforces our position at the
forefront of intervention and repair technologies
and showcases one of Subsea 7's key capabilities in
the area of Life of Field services. We look forward
to continuing our relationship with both companies."
***************************************
Subsea 7 S.A. is a leading global contractor in
seabed-to-surface engineering, construction and
services to the offshore energy industry. We
provide technical solutions to enable the delivery
of complex projects in all water depths and
challenging environments.
***************************************
Contact for investment community enquiries:
Isabel Green
Investor Relations Director
Tel +44 (0)20 8210 5568
isabel.green@subsea7.com
www.subsea7.com
Contact for media enquiries:
Carol Reed
Group Communications Director
Tel. +44 (0)20 8210 5570
carol.reed@subsea7.com
www.subsea7.com