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Reef Subsea awarded major contract

Reef Subsea AS announced today that it has been awarded a contract for the inter array power cable installation and burial at Gwynt y Môr Offshore Wind Farm, one of the largest in Europe. The contract is worth approximately £40m.

This major contract has been won by Reef Subsea’s subsidiary Reef Subsea Power & Umbilical Ltd. (RSPU), with offices in Stockton on Tees and Aberdeen.  It will see RSPU provide engineering, project management, ROV and survey operations for the subsea installation and burial of all 161 infield inter array cables for Gwynt y Môr, which is located 13 kilometres off the North Wales coast in Liverpool Bay. Reef Subsea will deploy one of its installation and burial spreads for the project, keeping it occupied throughout 2013. The contract workscope also covers connection to the two offshore sub?stations.

The Gwynt y Môr wind farm will have an installed capacity of 576MW, and is designed to be ultimately integrated into the UK National Grid in 2014. It is one of the largest offshore wind farms currently in construction in Europe, and once it is fully operational, energy generation is expected to be equivalent to the average annual needs of around 400,000 homes.

Mark Preece, Chief Executive Officer of Reef Subsea, commented: “This contract with Gwynt y Môr Offshore Wind Farm Limited is a significant milestone for the Reef Subsea Group, and cements our place as a key player in the Renewables sector when it comes to offshore cable installation & burial. Our extended workscope allows us not only to call on RSPU capabilities but also on the Group’s other companies.”