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