USA: Subsea 7 awarded installation contract

Subsea 7 Inc. has been awarded an installation contract by BP for the Galapagos and Nakika Phase 3 developments in the Gulf of Mexico. Engineering work will commence immediately at Subsea 7?s Houston office. Installation will take place during late 2010 using Subsea 7?s pipelay and construction vessel, the Skandi Neptune. The Galapagos area and Nakika Phase 3 projects are subsea tie-backs scheduled to come on stream in 2011 and produce into the Nakika platform. The projects are located in Mississippi Canyon approximately 130 nautical miles southeast of New Orleans in water depths up to 6300ft.

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