OB:SUBCEnergy Services
What Subsea 7 Stock's Who Dat East Contract Win Means For Shareholders
Subsea 7 announced that it has secured a sizeable contract from LLOG Exploration for the Who Dat East development in the US Gulf, covering fabrication, transportation and installation of a 29 kilometre steel catenary riser, pipe in pipe system, umbilical and subsea controls in around 1,300 metres of water.
The award falls in Subsea 7's sizeable contract range of US$50 million to US$150 million. It adds a defined project scope to its offshore backlog and underpins future vessel utilisation...