Global Leader in International Subsea Industry News

posted in:

Subsea 7 S.A. - www.youroilandgasnews.com

Subsea 7 S.A. awarded $360 million Shell contract extension

Tuesday, Nov 27, 2012

Subsea 7 S.A. (Oslo Børs: SUBC) announced today the extension of both of its Underwater Services Contracts (USC) by Shell Upstream International Europe. The extension of both contracts will commence in 2014 and continue until at least 2016. The extension in aggregate is worth approximately $360 million.

Under these contracts Subsea 7 will continue to provide subsea construction, inspection, repair, maintenance and decommissioning services across Shell’s European offshore fields and facilities.

Steph McNeill, Subsea 7 Vice President, UK and Canada, said: "We are privileged and grateful to have received an award from Shell of this value and importance. We believe it is an endorsement of Subsea 7's ability to provide life-of-field support safely, effectively and to the highest standard. Subsea 7 is committed to the continued successful partnership, held with Shell since 1990, across their North Sea Operations".

Source: Subsea 7 S.A.

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Subsea News

Major subsea contract sees Expro expand operations in Azerbaijan 24-04-2014
Baku Shipyard secures first major contract from Shah Deniz 24-04-2014
Aquaterra Energy wins Premier Oil Catcher Drill Centre Template contract 23-04-2014
Claxton’s camera upgrade puts crane safety in the picture 23-04-2014
Prysmian, € 30 m contract in Abu Dhabi 23-04-2014
SEACON (europe) Ltd Receives A Queen’s Award for Enterprise in International Trade 23-04-2014
Baker Hughes and Aker Solutions form subsea production alliance 23-04-2014
Aker Solutions and Baker Hughes form subsea production alliance 23-04-2014
Ennsub wins major contract to build two ultra-deepwater ROV deployment systems 23-04-2014
Seatronics invests to stay ahead in ROV tooling rental market 22-04-2014