i-Tech, the recently-created division of global subsea construction and engineering contractor Subsea 7 Inc. (OSE Symbol: SUB), has today announced the award of two new contracts with an estimated total value of approximately $20m.
i-Tech has been awarded a four year contract by Alfanave Maritime Transport Ltda., the Brazilian subsidiary of the North American group, Edison Chouest Offshore. Under the terms of the contract, i-Tech will provide a new build deepwater Hercules ROV system and underwater positioning services onboard the anchor handling tug