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Subsea 7 Alliance Secures Contract with ExxonMobil for Project Offshore Angola

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-- Subsea 7 (SUBC.OL) said Thursday its Subsea Integration Alliance with SLB OneSubsea secured a contract for an ExxonMobil project offshore Angola.

The engineering, procurement, construction, and installation contract is valued between $150 million and $300 million. It will involve work on a subsea tie-back linked to the redevelopment of the Likembe project in Block 15.

The Norwegian subsea engineering group will oversee project management and engineering under the contract, while its partner SLB OneSubsea will execute the umbilical scope.

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