# Royal IHC to build reel-lay vessel for Subsea 7

Royal IHC signed a letter of intent with Subsea 7 to construct a new reel-lay vessel and associated pipe lay equipment. The construction cost is expected to be below USD 300 million, with delivery scheduled for early 2020.

- Type: Contract
- Announced: 2017-09-06
- Value: $300.0M
- Status: announced
- Products: reel-lay vessel, pipe lay equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Subsea 7](https://endata.com/companies/1132.md) (customer)
- [Royal IHC](https://endata.com/companies/2818.md) (supplier)

## Sources

- [offshore-energy.biz](https://www.offshore-energy.biz/royal-ihc-to-build-reel-lay-vessel-for-subsea-7/), 2017-09-06: "When delivered, the vessel will be Subsea 7’s highest specification reel-lay vessel, capable of installing complex rigid flowlines including pipe-in-pipe systems and electrical trace heating."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.