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Subsea 7 S.A. awarded contract offshore Australia

Subsea 7 S.A. has been awarded a contract by Woodside Energy Ltd for the Persephone Work Pack 2 Fabrication, Subsea Installation

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Subsea 7 S.A.-6

Subsea 7 S.A. has been awarded a contract by Woodside Energy Ltd for the Persephone Work Pack 2 Fabrication, Subsea Installation and Diving Services project, offshore Australia.

The Persephone Project consists of two wells tied into a subsea production manifold with production fluids transported to the existing North Rankin Complex (NRC). The contract comprises fabrication, transportation, installation and pre-commissioning activities within the principal scope of work, with additional deconstruction and pipeline suspension work in the Echo Yodel Field at the Goodwyn Alpha Platform.

The Company's diving construction vessel Seven Eagle will perform all of the offshore activities. Project management and engineering will commence immediately from the Company's office in Perth, Australia, with offshore operations scheduled to commence in the fourth quarter of 2015.

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