Subsea 7 Awarded Contract Offshore Norway

Luxembourg - 11 December 2017 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)today announced the award of a substantial(1) contract from Aker BP on behalf ofthe Skarv Unit for the Ærfugl(2) gas field development, located approximately210 km west of Sandnessjøen in the Norwegian Sea. The contract includes anoption for the Ærfugl Phase 2 scope, which may be exercised by Aker BP in thefuture. This EPCI contract is a long-distance tie-back involving the application ofSubsea 7's Electrically Heat Traced Flowline (EHTF) technology for the 21 kmtie-back to the Skarv FPSO. Project management and engineering will commenceimmediately at Subsea 7's offices in Stavanger, Norway. Fabrication of the EHTFsystem will take place at Subsea 7's spoolbase at Vigra, Norway and offshoreoperations will take place in 2019 and 2020.Phil Simons, Vice President North Sea and Canada in Subsea 7 said, "This is aconsiderable EPCI contract which is of significant importance for Subsea 7.Electrically Heat Traced Flowline has been developed by Subsea 7 incollaboration with the manufacturer to deliver leading flowline insulationperformance and enable cost-effective long-distance tie-backs. This awardacknowledges Subsea 7 as a partner for delivering pioneering technology, andhighlights our proven track record for safely delivering successful operationsin some of the harshest offshore environments. Subsea 7 looks forward tosuccessfully delivering our workscope on Ærfugl, with safety and quality at theforefront throughout."(1)	Subsea 7 defines a substantial contract as being between USD 150 million andUSD 300 million.(2)	Ærfugl was previously known as Snadd

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