Two Australian Contracts for Subsea 7's IRT Division

Subsea 7 has been awarded two contracts for its Integrated Remote Technology division, from Woodside Energy. Value of both contracts is in the region of $3M and is for the provision of ROV services onboard the drilling rigs "Jack Bates" and "Atwood Eagle". Both rigs will operate in Western Australia.

Work is due to commence in the third and fourth quarters of 2004 for six and 12 months respectively and will include the use of workclass ROVs, Clansman and Warrior and the Seaeye Tiger observation class ROV.

Ian Cobban, Vice President for Subsea 7's Integrated Remote Technology (IRT) division, commented "Subsea 7 has a proven track record in this type of work and these awards further establish Subsea 7 IRT's position as a global leader in the provision of integrated ROV, survey, precise navigation and remote technologies. "