The work will take place in water depths ranging from 85 feet to 135 feet and is expected to take three years to complete. Revenue and income will be recognized using the percentage-of-completion method.
Terence Hall, chairman and CEO of Superior, said: Our approach to this project will be similar to many of our recently completed projects and will involve the same expertise, proprietary tools and processes, as well as the utilization of Superior’s well intervention, marine assets, rental tools and deployment of best-in-class resources.
