Oslo-listed Subsea 7 has announced a new subsea contract in Australia worth between $50m and $150m.

The company said the deal with Cooper Energy calls for work on the Sole gas field development project 40km off Victoria.

Subsea 7 will tie back the Sole well to the Orbost gas plant, including the fabrication and installation of 64km of pipeline, spool and manifold, along with installation of a 64km umbilical and the commissioning of the system.