Subsea 7 Inc. through its recently created division, Subsea 7 i-Tech today announced the award of four new contracts.
i-Tech which was formed to focus upon the requirements of the dynamic drilling support market has been awarded four new long term contracts in Brazil and Equatorial Guinea for the provision of ROV and intervention tooling services. Three contracts are by Petrobras, offshore Brazil, to provide ROVs onboard three drilling units with an approximate combined term of 10 years with options to extend to a maximum of 7 years collectively. i-Tech has also been awarded a contract by Exxon Mobil affiliate Mobil Equatorial Guinea Inc. (MEGI) for two ROV’s onboard a drilling unit and a vessel for work offshore Equatorial Guinea
i-Tech’s Managing Director, Neil Milne, commented, “These awards are the result of the improved focus i-Tech has brought to Subsea 7’s Drill Rig operations. We look forward to supplying exemplary service to both Petrobras and MEGI in the coming years and building further on the relationship with these two prestigious clients".
Ends 24th August 2006
Subsea 7 Public Relations:
Pat Stephen Tel: +44 1224 344508 or +44 7712 427608
E-mail: pat.stephen@subsea7.com
Notes to editors
With over 400 personnel globally and with over 60 ROV’s permanently deployed (together with access to Subsea 7’s additional fleet of 60 plus ROV’s and 3,500 personnel), i-Tech is currently the world's second largest ROV provider, and operates out of four regional centres: Europe and Africa, Asia Pacific, the Americas and Brazil.
Subsea 7 is one of the world’s leading subsea engineering and construction contractors with a workforce in excess of 3900 people worldwide. The Company’s global offshore operations are supported out of Asia Pacific, Brazil, Gulf of Mexico, Norway, UK and West Africa. Subsea 7 has more than 100 remotely operated vehicles (ROVs), five pipeline construction yards and a fleet of modern, high-specification dynamically-positioned ships capable of reeled and flexible pipelay, deepwater subsea construction and saturation diving. (www.subsea7.com)
