The principal risks which could affect future operations of the Group are described in the ‘Risk Management’ section of the Group’s Annual Report and Consolidated Financial Statements for the year ended 31 December 2020. Forward-looking statements may be identified by the use of words such as ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘future’, ‘goal’, ‘intend’, ‘likely’ ‘may’, ‘plan’, ‘project’, ‘seek’, ‘should’, ‘strategy’ ‘will’, and similar expressions. These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Private Securities Litigation Reform Act of 1995). Tel +47 415 15 Statements: This announcement may contain ‘forward-looking statements’ (within the meaning of the safe harbour provisions of the U.S. As one team, Subsea Integration Alliance amplifies subsea performance by helping customers to define, select, install and operate the smartest subsea projects, that eliminate costly revisions, delays and reduces risk across the life of field. (2) Subsea Integration Alliance is a strategic global alliance between Subsea 7 and OneSubsea®, the subsea technologies, production and processing systems division of Schlumberger, bringing together field development planning, project delivery and total lifecycle solutions under an extensive technology and services portfolio. (1) Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million. We look forward to continuing to support this objective for the Hasselmus project”. Working in partnership with OKEA has supported optimised solutions, early decision making and shortened delivery time, ultimately improving cost efficiency throughout the entire field lifecycle. Stuart Fitzgerald, CEO Subsea Integration Alliance LLC said: “This award to Subsea Integration Alliance supports our strategy for early engagement, full subsea system delivery, and our track record with OKEA. We look forward to continu ing the journey on the Hasselmus f ield d evelopment with safety, reliability and quality at the forefront throughout.” It acknowledges the val u e potential of Subsea Integration Alliance’s seamless ly integrated and optimised offering, and extends our relationship with OKEA that began with conceptual studies. Monica Bjørkmann, VP Subsea 7 Norway said: “ We are delighted to be awarded this contract by OKEA. ![]() ![]() Fabrication of the pipelines will take place at Subsea 7’s spoolbase at Vigra, Norway and offshore operations will be executed in 20. Project management and engineering will commence immediately at Subsea 7’s offices in Stavanger, Norway. The SURF scope comprises approximately nine kilometres of pipe-in-pipe flowline and associated structures in water depths of approximately 250 metres. The project work scope covers the engineering, procurement, construction, and installation (EPCI) of the subsea production systems (SPS) and subsea pipelines (SURF) for a single subsea well with direct tie-back to the Draugen production platform. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable (1) contract by OKEA to Subsea Integration Alliance ( 2) for the Hasselmus project, seven kilometres north west of the Draugen platform in the southern Norwegian Sea.
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