Subsea 7 S.A. awarded US$300 million North Sea contract

1/4/2013 2:00 AM EST

Luxembourg - January 4, 2013 - Subsea 7 S.A. (Oslo 
Børs: SUBC, the "Company") today announced the award 
of a contract valued at approximately US$300 million 
from Dana Petroleum, for the provision of subsea EPIC 
services in support of their Western Isles 
development project.

The contract scope includes the engineering, 
procurement, construction and installation of two 2.5 
kilometer pipeline bundles and a 11 kilometer gas 
export pipeline. Engineering and project management 
will commence immediately from our Aberdeen office, 
with offshore activities scheduled to commence in 
2014.

Steph McNeill, Subsea 7's Vice President UK and 
Canada, said "The award of this prestigious contract 
from Dana is an endorsement of our unique bundle 
technology. We are grateful to Dana for choosing us 
to provide them with a cost effective solution and 
look forward to helping them deliver this 
strategically important development".

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Subsea 7 S.A. is a seabed-to-surface engineering, 
construction and services contractor to the offshore 
energy industry worldwide.
We provide integrated services, and we plan, design 
and deliver complex projects in harsh and challenging 
environments.
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Contact:
Paul Gooden
Subsea 7 S.A.
Tel +44 (0)20 8210 5568
 
www.subsea7.com
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