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    Subsea 7 wins major North Sea contract

    News // May 28, 2004
    Global subsea contractor Subsea 7 has secured a contract award from Shell UK Exploration and Production which is recognised as the largest subsea OPEX (operating expenditure) contract in the North Sea Environment. The three year contract with a further two one-year options is worth in excess of US$150 million (US$50m per annum).

    Subsea 7 will be the single primary contractor responsible for the inspection, repair and maintenance of Shell Exploration and Production Europe's operated subsea oil and gas related infrastructure. This is the first time a major operator has brought together its European subsea operations and is the main contract of its type in the European subsea market place with an anticipated utilisation of 350-400 vessel days per year.

    A 40 strong Aberdeen based onshore team, with additional representation in Norway and The Netherlands as required, will execute the contract. The operations will involve air and saturation diving as well as remotely operated vehicle and survey services to support Shell's subsea infrastructure.

    The contract will utilise Subsea 7's Primary Diving Support Vessels Polaris, Pelican and Rockwater 1, Survey Support Vessels Seisranger and Kommandor Subsea as well as a significant programme of Drill Rig ROVs and Tooling Services. Offshore operations will take place in the Northern, Central and Southern UK sectors of the North Sea as well as the offshore sectors of Norway, The Netherlands and Ireland.

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