Subsea 7 - News - September 13, 2005

Subsea 7 receives Marathon award

Subsea 7’s Integrated Remote Technologies (IRT) division, today, announced a contract award from Marathon Oil Company for the provision of remotely operated vehicle (ROV) services. Work will take place from the ‘GSF Arctic III’ drilling rig whilst located on the Dragon field, approximately 40Km’s off the west coast of Wales. Contract is valued in the region of US $250,000.

The ROV drill support activities will be performed utilising the 120 HP Centurion HD Workclass ROV system which is currently installed onboard the rig.

Bill Boyle, Subsea 7 IRT’s Vice President, said “We are delighted with this award and look forward to providing support services to Marathon in this drilling campaign. Work will begin in the third quarter of this year and will run on for approximately two months.”

Ends 14 September 2005
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Subsea 7 Public Relations:
Lyndsay Cruickshank Tel: +44 1224 344606
E-mail: lyndsay.cruickshank@subsea7.com
Pat Stephen Tel: +44 1224 344508 or +44 7712 427608
E-mail: pat.stephen@subsea7.com

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: www.subsea7.com