Subsea 7 acquires new premises

Company News - October 25, 2006

Subsea 7 has completed the purchase of a 12.2 acre development site in Westhill, Aberdeenshire. The company will build, subject to planning permission, a purpose-built office complex to house up to 1,000 staff.

Subsea 7 currently employs around 850 people in Aberdeen and
plans to recruit an additional 100 staff during the next 12–18 months to service the increasing number of new contracts awards announced recently for the major oil and gas operators such as Shell and BP.

The new office complex, which will be ready for occupation mid-2008, will allow the consolidation of the current three offices that Subsea 7 took over when it was formed in 2002.

Built to the latest building and environmental standards, and set amongst landscaped grounds, the office complex will include a staff restaurant, shop and conference facilities and will incorporate the latest IT and communication facilities.

The new complex will also offer opportunities for additional expansion in line with future strategy as Subsea 7 looks towards 2010.

The new building will primarily support the UK operations of Subsea 7. In addition, the building will house global support functions and will also support West African projects.

Workshop and warehouse facilities will be located elsewhere in Aberdeen.