Subsea 7 S.A. (Oslo Børs: SUBC; the Company) has been awarded a contract in the Ivory Coast by CNR International (Côte d’Ivoire) SARL (CNR International) in support of its Baobab Field Phase III development.

The scope of work covers the installation of spools and umbilicals. The effective date of the contract is 25 September 2014, with the main offshore installation phase expected to be executed by the Subsea 7 vessel the Seven Pacific in the second quarter of 2015. Onshore project management and engineering will be carried out from the Company’s Paris office.

Olivier Carré, Subsea 7’s Senior Vice President – Africa & Gulf of Mexico, said: “This project has numerous phases which will need to be executed under a demanding timetable. We look forward to meeting these demands and developing our relationship with CNR International while consolidating our presence in West Africa.”