Subsea 7 S.A. awarded contracts on the Greater Ekofisk Area in the North Sea

Luxembourg – April 8, 2011 – Subsea 7 S.A. (Oslo Børs: SUBC) announced today the award of two SURF contracts with an approximate total value of $150 million from ConocoPhillips Skandinavia AS, on the Greater Ekofisk Area in the North Sea.

The first contract is for the engineering, procurement, fabrication, installation and hyperbaric weld tie-in of a new water injection line. The new line will be connected with inline Tee structure to an existing 24” water injection pipeline on the Eldfisk Field. The scope also includes umbilical and Host Protection Structure installation. Engineering will commence in the second half of 2011, with offshore operations primarily in 2012.

The second contract is for the engineering, procurement, installation and tie-in of spools, associated structures and production covers for the 24” and 30” oil and gas export pipelines to the new 2/7S platform on the Ekofisk Field. The scope also includes the re-routing of the 14” Embla production line to the new platform. Engineering will commence in the second half of 2011, with offshore operations in 2012, 2013, 2014 and 2015.
Source: Subsea 7