| Subsea
7 - News - August 8, 2005
Australian Win for Subsea
7
Subsea 7 announced today that their Australian
entity, Subsea 7 (Australia) Pty. Ltd., has been
awarded a contract by Anzon Australia Limited
for the Basker-Manta field development located
offshore Victoria in the Bass Strait, in 150m
water depth.
The contract, worth around US$13 million, includes
the installation of the subsea equipment and moorings
associated with the Extended Production Test (EPT)
Development. The development consists of a Floating,
Production, Storage & Offloading (FPSO) Unit
flexible flowline and control umbilical system
and shuttle tanker mooring.
The project team will be performing installation
engineering, construction supervision and overall
project management. The offshore programme is
due to take place in August/September 2005 utilising
a construction class vessel.
Martin Ridley, Subsea 7’s Vice President,
Asia Pacific said, “We are delighted to
be working with Anzon Australia for the first
time and look forward to undertaking this project
in the Bass Strait”.
Ends 8 August 2005
Subsea 7 Public Relations:
Pat Stephen Tel: +44 1224 344508 or +44 7712 427608
E-mail: pat.stephen@subsea7.com
Lyndsay Cruickshank Tel: +44 1224 344606
E-mail: lyndsay.cruickshank@subsea7.com
Notes to editors:
1. With a workforce in excess of 3000 people worldwide,
Subsea 7 is one of the world’s leading subsea
engineering contractors. The company’s global
offshore operations are supported out of Asia
Pacific, Brazil, Gulf of Mexico, Norway, UK and
West Africa. Subsea 7 has more than 100 remotely
operated vehicles (ROVs), four pipeline construction
yards and a fleet of modern, high specification
dynamically positioned ships capable of deepwater
reeled and flexible pipelay, deepwater subsea
construction and saturation diving. Website: www.subsea7.com
2. Anzon Australia Limited ("Anzon Australia")
is an upstream oil and gas company formed to acquire,
develop and commercialise defined oil and gas
fields. The size of its existing reserve base
positions Anzon Australia as a medium-size player
in Australia’s oil and gas industry. Anzon
Australia was registered as a company under the
Corporations Act on 16 December 2003 by its founding
shareholder, Anzon Energy Limited, and acquired
a 100% interest in the Victorian Retention Leases
VIC/RL 6, VIC/RL 9 and VIC/RL 10 (the "Retention
Leases"), which include the Basker, Manta
and Gummy fields (the BMG Fields), from Woodside
Eastern Energy Pty Limited on 15 March 2004. The
Company was registered as the legal holder of
the Retention Leases on 19 April 2004
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