Subsea 7 Wins Extensions to Shell Contracts

Offshore services firm Subsea 7 announced Tuesday that it has won a two-year extension to both of its underwater services contracts (USC) with Shell Upstream International Europe.

Under the contracts, valued at around $360 million, Subsea 7 will continue to provide subsea construction, inspection, repair, maintenance and decommissioning services to Shell's European offshore fields and facilities.

"We are privileged and grateful to have received an award from Shell of this value and importance. We believe it is an endorsement of Subsea 7's ability to provide life-of-field support safely, effectively and to the highest standard. Subsea 7 is committed to the continued successful partnership, held with Shell since 1990, across their North Sea Operations," Steph McNeill, Subsea 7's vice president for UK and Canada, said in a company statement.

Subsea 7 said that its Seven Atlantic and Normand Subsea vessels will be dedicated to its operations for Shell.



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