Subsea 7 Confirms Major Contract Award on Block 18 for BP in Angola

Subsea 7 Inc (OSE Symbol: SUB), one of the world’s leading subsea engineering and construction companies, today confirmed that the announcement made on July 6th 2009 for a pipeline engineering, construction and installation contract in Angola, offshore west Africa is for a gas export pipeline (GEL) project for BP. The contract is valued in excess of US $150 million.