Subsea 7 awarded contract offshore Egypt

Subsea 7 S.A. announced the award of a substantial(1) contract, offshore Egypt, by Pharaonic Petroleum Company to be executed at water depths of over 900 metres in the Atoll field.

The contract scope includes the engineering, procurement, construction and installation of more
than 40 kilometres of rigid pipelines and associated structures for the new Atoll field, tying into the
existing Taurt field at a water depth of 100 metres. A 105 kilometre umbilical will also be installed
linking the Atoll field to shore.

Engineering and procurement services have already commenced. Offshore campaigns will take place in the second half of 2017 and the early months of 2018, using the Subsea 7 vessels Seven Borealis, Seven Eagle, and Seven Arctic.

Subsea 7’s Region Vice President for Africa, Gilles Lafaye, said: “We are delighted to strengthen our
presence in Egypt. This substantial contract award recognises our technical expertise and track
record of strong execution for Pharaonic Petroleum Company”.

(1) Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million.

About Subsea 7
Subsea 7 S.A. is a leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry. They provide technical solutions to enable the delivery of complex projects in all water depths and challenging environments.

Source: www.subsea7.com