TIDMSUBC 
 
   Subsea 7 awarded contract offshore UK 
 
 
 
   Luxembourg -- 04 October 2019 - Subsea 7 S.A. (Oslo Børs: SUBC, 
ADR: SUBCY) today announced the award of a sizeable(1) contract by Shell 
for the Pierce depressurisation project, located approximately 160 miles 
offshore, east of Aberdeen. 
 
   The contract scope involves the engineering, procurement, construction, 
transportation and installation (EPCI and T&I) of a 30km gas export 
pipeline, a gas export riser and associated subsea infrastructure, for 
tie-ins at the Haewene Brim FPSO. 
 
   Project management and detailed engineering has commenced at Subsea 7's 
office in Aberdeen, with offshore activities scheduled for 2020 and 
2021. 
 
   Jonathan Tame, Vice President UK & Canada, said: "This award recognises 
our extensive knowledge of Shell's North Sea developments, gained over 
almost 30 years of working closely together to deliver safe and 
cost-effective construction, inspection, repair and maintenance 
operations across Shell's European offshore fields and facilities." 
 
   (1)   Subsea 7 defines a sizeable contract as being between USD 50 
million and USD 150 million. 
 
   ******************************************************************************* 
 
 
   Subsea 7 is a global leader in the delivery of offshore projects and 
services for the evolving energy industry, creating sustainable value by 
being the industry's partner and employer of choice in delivering the 
efficient offshore solutions the world needs. 
 
   Subsea 7 is listed on the Oslo Bors (SUBC), ISIN LU0075646355, LEI 
222100AIF0CBCY80AH62. 
 
   ******************************************************************************* 
 
 
   Contact for investment community enquiries: 
 
   Isabel Green 
 
   Investor Relations Director 
 
   Tel +44 20 8210 5568 
 
   isabel.green@subsea7.com 
 
   www.subsea7.com 
 
   Contact for media enquiries: 
 
   Michelle Wainwright 
 
   Communications Manager, UK & Canada 
 
   Tel +44 1224 526570 
 
   Mobile +44 7876778370 
 
   https://www.globenewswire.com/Tracker?data=VzO2XbfE26cybHSDZgyvyj79Ae_ujHV3EqItyzSqFaaDPn_bvzpBrNvLd_3iF5e1fvKlhe9ylf9UQKNk4JC91LljeoT2ddspLjBVKk7FaBoIkk_rMveaxwJDr5QvPVKk 
michelle.wainwright@subsea7.com 
 
   https://www.globenewswire.com/Tracker?data=Db9rsG7A8BG5MtbRmogmDLuQIxGVepLDF4aLRbWHALU8Sqw1IMX1PTsAMGfWxCpHCuzACzarhgejKz7Gt6AqcA== 
www.subsea7.com 
 
   Forward-Looking Statements: Certain statements made in this announcement 
may include 'forward-looking statements'. These statements may be 
identified by the use of words like 'anticipate', 'believe', 'could', 
'estimate', 'expect', 'forecast', 'intend', 'may', 'might', 'plan', 
'predict', 'project', 'scheduled', 'seek', 'should', 'will', and similar 
expressions. The forward-looking statements reflect our current views 
and are subject to risks, uncertainties and assumptions. The principal 
risks and uncertainties which could impact the Group and the factors 
which could affect the actual results are described but not limited to 
those in the 'Risk Management' section in the Group's Annual Report and 
Consolidated Financial Statements 2018. These factors, and others which 
are discussed in our public announcements, are among those that may 
cause actual and future results and trends to differ materially from our 
forward-looking statements: actions by regulatory authorities or other 
third parties; our ability to recover costs on significant projects; the 
general economic conditions and competition in the markets and 
businesses in which we operate; our relationship with significant 
clients; the outcome of legal and administrative proceedings or 
governmental enquiries; uncertainties inherent in operating 
internationally; the timely delivery of vessels on order; the impact of 
laws and regulations; and operating hazards, including spills and 
environmental damage. Many of these factors are beyond our ability to 
control or predict. Other unknown or unpredictable factors could also 
have material adverse effects on our future results. Given these factors, 
you should not place undue reliance on the forward-looking statements. 
 
   Attachment 
 
 
   -- SUBC-Shell-Pierce-FINAL 
      https://ml-eu.globenewswire.com/Resource/Download/66012ed5-023a-4cf4-a25b-70eae6a1f42c 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

October 04, 2019 02:00 ET (06:00 GMT)