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Subsea7 - News - December 21, 2004

Subsea 7 IRT award from BP

Subsea 7’s Integrated Remote Technologies (IRT) division, today, announced the first work to be performed under the new ROV services federal contract, awarded to Subsea 7 by BP Exploration Operating Company in October of this year. This work order is valued in the region of $2M and will run for 12 months from the first quarter of 2005.

The workscope will include the provision of remotely operated vehicles (ROVs) and associated services onboard the Transocean Rather mobile drilling unit. The majority of tooling for the project will be provided in-house by BP, for which Subsea 7 hold the maintenance contract. The drilling unit is to be located in the West of Shetland.

Vice President for Subsea 7 IRT, Ian Cobban, commented, “We are delighted with this award and to be of service to BP once again, which we believe further demonstrates our capability as a leading subsea services provider”.

Ends

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For more information, contact:

Lyndsay Cruickshank on +44 1224 344606
Pat Stephen on +44 1224 344508 or +44 7712 427608

Notes to editors:

1. Subsea 7 is one of the world’s leading subsea engineering contractors. The company has offshore operations supported out of the UK, Norway, Asia Pacific, Brazil, Gulf of Mexico, West Africa, Middle East and the Caspian and employs 3000 world-wide. Subsea 7 has a fleet of remotely operated vehicles (ROVs), four pipeline construction yards and 15 modern, high specification dynamically positioned ships capable of deepwater reeled and flexible pipelay, deepwater subsea construction and saturation diving. Website: www.subsea7.com

2. BP is of one of the world's largest energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items. BP is divided into four main business segments: Exploration and Production; Refining and Marketing; Petrochemicals; and Gas, Power and Renewables. BP operates in 100 countries with well-established businesses in Europe, North and South America, Australasia and Africa.



 


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