28.11.2019
Subsea 7 today confirmed a substantial(1) contract award by Woodside for the execution of phase 2 of the Julimar-Brunello Project. This contract was awarded to Subsea 7 earlier this year, subject to the final investment decision of the Julimar-Brunello joint venture participants (Woodside and KUFPEC), which has now occurred.
(1) Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million.