TIDMSUBC 
 
   Luxembourg -- 31 October 2019 -- Subsea 7 S.A. (Oslo Børs: SUBC, 
ADR: SUBCY) today announced the award of a sizeable(1)  contract for 
Seaway 7 by Jan de Nul for the Formosa 2 Offshore Wind Farm project in 
Taiwan. 
 
 
 
   The contract scope includes the transportation, pre-piling and 
installation of 47 jacket foundations for wind turbines. Seaway 7 will 
execute the work in 2020 and 2021 using the heavy lift vessels Seaway 
Yudin and Seaway Strashnov. 
 
   Steph McNeill, SVP Subsea 7 Renewables & Heavy Lifting, said: "We are 
pleased to have the opportunity to continue to support the Jan De Nul 
Group in the development of the Formosa 1 and Formosa 2 wind farms in 
Taiwan. This contract builds upon our significant capability in the 
installation of large foundations in the offshore wind industry and 
increases our experience in the Taiwanese renewable energy sector." 
 
   (1) Subsea 7 defines a sizeable contract as being between USD 50 million 
and USD 150 million. 
 
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   Subsea 7's Renewables and Heavy Lifting business unit is an experienced 
partner for the delivery of offshore wind farm projects and specialist 
heavy lifting and cable installation services, operating under the 
Seaway 7 brand. 
 
   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. 
 
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   Contact for media enquiries: 
 
   Angela Diergaarde 
 
   Communication & PR Manager 
 
   Subsea 7 Renewables & Heavy Lifting 
 
   Mobile +31 6 102 469 43 
 
   Angela.Diergaarde@subsea7.com 
 
   www.seawayheavylifting.com / www.seawayoffshorecables.com 
 
   Contact for investment community enquiries: 
 
   Isabel Green 
 
   Investor Relations Director 
 
   Tel +44 20 8210 5568 
 
   isabel.green@subsea7.com 
 
   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 Formosa 2 F2 
      https://ml-eu.globenewswire.com/Resource/Download/1a25b00a-41f5-4d3e-9931-c10049754954 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

October 31, 2019 08:00 ET (12:00 GMT)