Subsea 7 nets ‘sizeable contract’ in shallow water

Subsea engineering and construction company Subsea 7 has been awarded a sizeable contract for a conventional project, in shallow water. 

Subsea 7 defines a sizeable contract as being between $50 million and $150 million.

The company said on Thursday that the offshore execution of the awarded conventional project, in shallow water, is planned for 2019.

However, the company disclosed no further details due to contractual obligations

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