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Date:Wednesday 9th July 2008
Title:Subsea 7 Announces Major Contract in Africa

Subsea 7 (OSE Symbol: SUB), one of the world's leading subsea engineering and construction companies, announced today that it has been awarded its largest contract to date in Africa. The contract is a framework agreement with call-off services in support of a major development programme in offshore west Africa. Subsea 7 has signed the first call-off contract under the frame agreement with an estimated value of 0m.

The services will primarily be performed using Subsea 7's new build flexible pipelay and construction vessel, the Seven Seas.

Further information regarding the contract award will be released at the earliest opportunity.

Source: SS7


Date:Sunday 1st June 2008
Title:Subsea 7 acquires Skandi Navica

Subsea 7 Inc has acquired Skandi Navica, a pipelay and construction vessel, for US million.

The vessel, which was built in 1999, will be renamed as the Seven Navica and will continue to operate as a rigid pipelay ship.

She has an overall length of 108m and a beam of 22m. Capable of operating in water depths of up to 2,000m, she has pipelay capability for installing both rigid and flexible flowlines and umbilicals, with one deck-mounted storage and deployment reel with capacity for pipe diameters of up to 16in, and a total weight of 2,200 tonnes.

Other features include an optional piggy-back 250 tonne reel, a lay ramp system, abandonment and recovery systems, a 60 tonne offshore crane, and a top tension capacity of 205 tonnes.

The vessel has been under charter with Subsea 7 for eight years and has a track record of successful pipelay installation projects across the globe.

Source: Offshore shipping