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Subsea 7 - News - August 8, 2005

Australian Win for Subsea 7

Subsea 7 announced today that their Australian entity, Subsea 7 (Australia) Pty. Ltd., has been awarded a contract by Anzon Australia Limited for the Basker-Manta field development located offshore Victoria in the Bass Strait, in 150m water depth.

The contract, worth around US$13 million, includes the installation of the subsea equipment and moorings associated with the Extended Production Test (EPT) Development. The development consists of a Floating, Production, Storage & Offloading (FPSO) Unit flexible flowline and control umbilical system and shuttle tanker mooring.

The project team will be performing installation engineering, construction supervision and overall project management. The offshore programme is due to take place in August/September 2005 utilising a construction class vessel.

Martin Ridley, Subsea 7’s Vice President, Asia Pacific said, “We are delighted to be working with Anzon Australia for the first time and look forward to undertaking this project in the Bass Strait”.

Ends 8 August 2005

Subsea 7 Public Relations:
Pat Stephen Tel: +44 1224 344508 or +44 7712 427608
Lyndsay Cruickshank Tel: +44 1224 344606

Notes to editors:
1. With a workforce in excess of 3000 people worldwide, Subsea 7 is one of the world’s leading subsea engineering contractors. The company’s global offshore operations are supported out of Asia Pacific, Brazil, Gulf of Mexico, Norway, UK and West Africa. Subsea 7 has more than 100 remotely operated vehicles (ROVs), four pipeline construction yards and a fleet of modern, high specification dynamically positioned ships capable of deepwater reeled and flexible pipelay, deepwater subsea construction and saturation diving. Website:

2. Anzon Australia Limited ("Anzon Australia") is an upstream oil and gas company formed to acquire, develop and commercialise defined oil and gas fields. The size of its existing reserve base positions Anzon Australia as a medium-size player in Australia’s oil and gas industry. Anzon Australia was registered as a company under the Corporations Act on 16 December 2003 by its founding shareholder, Anzon Energy Limited, and acquired a 100% interest in the Victorian Retention Leases VIC/RL 6, VIC/RL 9 and VIC/RL 10 (the "Retention Leases"), which include the Basker, Manta and Gummy fields (the BMG Fields), from Woodside Eastern Energy Pty Limited on 15 March 2004. The Company was registered as the legal holder of the Retention Leases on 19 April 2004


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