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    DSND and Halliburton form Subsea 7

    News // May 24, 2002
    Subsea 7, owned 50/50 by DSND Subsea and Halliburton, was formally established in mid-May, and has commenced trading, all agreements between DSND Subsea and Halliburton having been signed.

    Subsea 7 was formed by the two parties by combining their subsea businesses. In addition, DSND Subsea transferred $156.50 million of bank debt to Subsea 7.

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