Subsea 7 Wins Contract from BP Norge AS

Subsea 7 Inc. said that it has been awarded a contract valued in the region of US$55 million by BP Norge AS for fabrication, installation, and tie-in of two new pipeline systems at the Valhall field. Valhall is located in the Norwegian sector of the North Sea.

Four new 6.5-kilometer pipelines and three riser caissons will be installed in the field at a water depth of approximately 70 meters. Offshore operations are due to take place in 2008.

“We are delighted to have received this award and look forward to providing pipeline installation services to BP Norge at the Valhall field,” said Tor Espedal, Subsea 7’s vice president for Norway. “Engineering work for the contract will commence in 2006 with offshore operations being undertaken in the 2008 installation season.”

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