Project engineering will commence immediately at Seaway 7’s offices in Leer, Germany and in Taipei, Taiwan. Offshore activities are expected to commence in 2023.
The contract is subject to a final investment decision by the client and Subsea 7 will record the contract in backlog once that decision has been made.
At this time, no further details can be communicated for contractual reasons.
(1) Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.
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