Oslo-listed Subsea 7 stated it has secured a ‘sizeable’ contract from an undisclosed consumer for work offshore Trinidad and Tobago.
The contract scope covers the undertaking administration, engineering, procurement, set up and pull-in of 1 subsea inflexible flowline and versatile riser along with versatile flowlines and related subsea infrastructure and umbilical system.
According to the corporate, the deal is price between $50 million and $150 million.
Offshore set up actions ought to happen in 2021.
Subsea 7 additionally famous that at the moment, no additional particulars could be communicated.
Finally, the contract will go within the third-quarter backlog.
To remind, the engineering and development specialist recognised quarterly web lack of $922 million within the second quarter of this 12 months.
Backlog on the finish of June was $7.zero billion, of which $2.1 billion ought to be executed in 2020.
The backlog for execution in 2021 of $three.four billion is up 70 per cent because the finish Q1.
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