11.09.2017
Subsea 7 S.A. announced that it has signed a letter of intent with Royal IHC in the Netherlands for the construction of a new reel-lay vessel and associated pipe lay equipment. The cost, excluding capitalised interest, is expected to be below USD 300 million with an early 2020 delivery. The firm contract with Royal IHC is expected to be awarded before the end of 2017, subject to certain conditions and final Board approval.
