$10 Million Contracts Awarded to Subsea 7

Swiss-based Allseas Group has awarded Subsea 7 ofAbedeen contracts worth in excess of $10m for provision of survey, ROV and positioning services in support of offshore pipelay projects in North West Europe, the Mediterranean, the US and the Caribbean over this year and next, with an additional option for 2006.

Subsea 7 will provide survey and positioning services for Allseas fleet of pipelay vessels.

Swiss-based Allseas Group has awarded Subsea 7 ofAbedeen contracts worth in excess of $10m for provision of survey, ROV and positioning services in support of offshore pipelay projects in North West Europe, the Mediterranean, the US and the Caribbean over this year and next, with an additional option for 2006.