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    Subsea 7 wins three international contracts

    News // September 29, 2003
    Global subsea contractor, Subsea 7 has been awarded three long term contracts to provide Remotely Operated Vehicle (ROV) drilling support services to Dolphin Drilling onboard their mobile offshore drilling units to be located offshore Mexico and India.

    The contracts, which have a combined value of US$14 million, cover the provision of ROV services on the following drilling units:

    * Belford Dolphin dynamically positioned drill ship. Subsea 7 will be supplying a dual Hercules ROV system and operating personnel in support of Dolphin's drilling activities for ONGC down to 3,000m water depth offshore India. Contract duration is threeyears and is due to commence in late 2003.

    * Borgny Dolphin anchored semi submersible drill rig. Subsea 7 will be supplying a Pioneer ROV system and operating personnel in support of Dolphin's drilling activities for PEMEX offshore Mexico. The ROV system is contracted to work in water depths downto 580m. Contract duration is four years and is due to commence in early 2004.

    * Bulford Dolphin anchored semi submersible drill rig. Subsea 7 will be supplying a further Pioneer ROV system and operating personnel in support of Dolphin drilling operations for PEMEX offshore Mexico. The ROV system is contracted to work in water depths down to 365m. Contract duration is two years and is also due to commence in early 2004.

    Both the Pioneer and the deep water, high specification Hercules ROVs have been designed and built in house by Subsea 7 at their Aberdeen manufacturing facility.

    John Smith, Subsea 7's chief executive officer said, "Subsea 7's track record as a leading ROV equipment and service provider has been acknowledged by these long term contract awards and we look forward to supporting Dolphin's operations in the global market place".

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