Subsea 7 Wins Contract from Anzon for Work Offshore Australia

Subsea 7's Australian subsidiary has been awarded a contract by Anzon Australia Limited for the Basker-Manta field development located offshore Victoria in the Bass Strait, in 150 meters of water.

The contract, worth approximately US $13 million, includes the installation of the subsea equipment and moorings associated with the Extended Production Test (EPT) Development. The development consists of a Floating, Production, Storage & Offloading (FPSO) Unit flexible flowline and control umbilical system and shuttle tanker mooring.

The project team will be performing installation engineering, construction supervision and overall project management. The offshore program is due to take place in August/September 2005 utilizing a construction class vessel.

Martin Ridley, Subsea 7's Vice President, Asia Pacific said, "We are delighted to be working with Anzon Australia for the first time and look forward to undertaking this project in the Bass Strait".