4 juin 2007

Seven Seas launched

Press release


June 4th, 2007 – Rotterdam. Subsea 7’s newbuild deepwater Flexlay ans J-lay vessel is launched at Merwede Schipyard Friday the 1st of June. The Seven Seas will have the ability to perform a wide variety of offshore and subsea operations in addition to its main pipelay rols. The high specification pipelay spread is being designed and manufactured by Huisma-Itrec in Holland. There will be appointed facilities for up to 120 persons. The vessel will be completed the following months at Merwede Shipyard in Holland. At the end of October the vessel will go to Huisman-Itrec to adjust the specific pipelay spread.
The Seven Seas is the second vessel for Subsea 7 build by Merwede Shipyard. The first vessel, the Seven Oceans, is at this moment at Huisman-Itrec and will be delivered in a few weeks. The Seven Oceans departs to the Gulf of Mexico for the first project.

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Subsea 7

Subsea 7 is one of the world’s leading subsea engineering and construction companies offering all the expertise and assets that make Subsea, Umbilical, Riser and Flowline (SURF) field development and operation possible. With a multi-national workforce of approximately 4500 people worldwide, the company’s offshore operations are supported out of the North Sea, Africa, Brazil, Gulf of Mexico and Asia Pacific.

In 2007 we will be opening an office in Rotterdam, The Netherlands to support our continuing growth in the North Sea and Africa. Subsea 7 has a fleet of industry leading, dynamically positioned ships capable of deepwater reeled and flexible pipelay, subsea construction and saturation diving, and a portfolio of pipeline constrcution yards worlwide. These assets, together with our strong engineering and project management teams, global expertise, resources and technology make Subsea 7 the Partner of Choice in the Subsea market.

IHC Holland Merwede

IHC Holland Merwede is focused on the continuous development of its design and construction activities for the specialised shipbuilding sector, in particular the dredging and offshore industries. IHC Holland Merwede is world market leader in the construction of specialist dredging equipment and complex custom-built offshore vessels. The clients of IHC Holland Merwede include major dredging companies, shipping lines, navies, oil and gas exploration groups, offshore contractors and construction companies.

Merwede Shipyard's business policy is to respond to the needs of ship owners who require vessels of innovative concept and modern engineering, built to a 'one-off' order or limited series. A distinguished track record and reputation for constructing numerous highly distinctive designs is a confirmation of the versatility of Merwede Shipyard. In the offshore market Merwede Shipyard focuses on large custom built sub sea construction vessels. Next to the offshore market Merwede Shipyard is active in the Cruise & Ferry-, the Naval-, and the Special Ships market.

IHC Holland Merwede is for 49% owned by Rabo Capital, the private equity group of Rabobank; 33% is owned by its management and staff, and the remaining 18% by Parkland, part of the Indofin group.

04 June 2007

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