Subsea 7 lands million dollar North Sea contract

Installation company Subsea 7 has secured a contract with oil company Wintershall  Norway for work in the North Sea. The contract is worth USD 300 million, says Subsea 7.

Photo: Subsea 7

Subsea 7 is well placed to win the orders offered in an otherwise struggling offshore market, said the installation company in relation to its first quarter interim report, and it now looks like this assessment was not far off.

In any case, the Luxembourg-based company has just landed a North Sea contract with oil company Wintershall Norway. The contract is worth USD 300 million and relates to the development of oil field Maria, which is located in the North Sea approximately 200 kilometers off the coast of Norway and at a depth of 300 meters.

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