Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) yesterday announced the award of a sizeable(1) offshore Transportation and Installation contract.

SUBSEA 7 awarded sizeable contract
Image courtesy of Subsea 7

Offshore execution is planned for 2020.

No further details are disclosed at this time due to contractual obligations. 

(1) Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.

Source: Subsea 7