Subsea 7 to Sell DSND Surveyor to Berkon Shipping

Subsea 7 has agreed to sell the survey/ROV support vessel "DSND Surveyor" to Berkon Shipping N.V. in the Dutch Antilles.

An agreement has been reached whereby Subsea 7 will charter back the vessel for a period of 334 days to fulfill ongoing contracts and is in dialogue with Berkon Shipping N.V. regarding further opportunities.

Subsea 7 is working with the purchaser to provide continuity of work for the crew and offshore employees currently assigned to the vessel.

John Evans, Chief Operating Officer of Subsea 7 said, "This transaction will provide a more flexible arrangement for the vessel allowing Subsea 7 to focus and strengthen its position in the key strategic subsea markets."

The DSND Surveyor is currently in offshore Sakhalin Island providing ROV and Survey services to Saipem pipeline installation program.