Bifogade filer
2025-06-09 08:00:00
Luxembourg - 9 June 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today
announced the award of a sizeable(1) contract by Shell for the Aphrodite gas
project offshore Trinidad and Tobago.
The project involves the transportation and installation of subsea equipment at
the Aphrodite development, located within Block 5a, at water depths of up to
290 metres.
Project management and engineering activities will begin immediately at
Subsea7's office in Houston, Texas, with offshore operations planned for 2027.
Craig Broussard, Senior Vice President for Subsea7 Gulf of Mexico, said,
"Engaging with Shell from the outset has been key to building trust and driving
efficiencies. This award in Trinidad and Tobago reflects our growing presence in
the region, as well as our ongoing commitment to safe, predictable project
delivery while supporting local talent and resources."
1. Subsea7 defines a sizeable contract as being between $50 million and $150
million.
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Subsea7 is a global leader in the delivery of offshore projects and services for
the evolving energy industry, creating sustainable value by being the industry's
partner and employer of choice in delivering the efficient offshore solutions
the world needs.
Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI
222100AIF0CBCY80AH62.
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Contact for investment community enquiries:
Katherine Tonks
Investor Relations Director
Tel +44 20 8210 5568
ir@subsea7.com
Contact for media enquiries:
Ashley Shearer
Communications Manager
Tel +1 713 300 6792
ashley.shearer@subsea7.com
Forward-Looking Statements: This document may contain 'forward-looking
statements' (within the meaning of the safe harbour provisions of the U.S.
Private Securities Litigation Reform Act of 1995). These statements relate to
our current expectations, beliefs, intentions, assumptions or strategies
regarding the future and are subject to known and unknown risks that could cause
actual results, performance or events to differ materially from those expressed
or implied in these statements. Forward-looking statements may be identified by
the use of words such as 'anticipate', 'believe', 'estimate', 'expect',
'future', 'goal', 'intend', 'likely' 'may', 'plan', 'project', 'seek', 'should',
'strategy' 'will', and similar expressions. The principal risks which could
affect future operations of the Group are described in the 'Risk Management'
section of the Group's Annual Report and Consolidated Financial Statements.
Factors that may cause actual and future results and trends to differ materially
from our forward-looking statements include (but are not limited to): (i) our
ability to deliver fixed price projects in accordance with client expectations
and within the parameters of our bids, and to avoid cost overruns