Bifogade filer
2025-05-21 11:15:52
Luxembourg - 21 May 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today
announced the award of a sizeable(1) subsea contract in West Africa.
Subsea7 will be responsible for transporting and installing flexible pipelines,
umbilicals, and associated subsea components for the connection of a floating
production, storage and offloading (FPSO) vessel as well as the pre-laying
activities for an upcoming drilling campaign.
Project management and engineering work will begin immediately at Subsea7's
offices in Sutton, UK and Suresnes, France, and offshore activity is expected to
start in 2026.
Jerome Perrin, Vice President Africa, Middle East, and Türkiye for Subsea7,
said: "Our close and agile collaboration with our clients allows us to make
possible cost-effective and reliable offshore solutions for their needs. We are
pleased to be able to support this client in executing such a strategically
important project in West Africa. "
No further details are disclosed at this time.
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:
Alan Gorham
Group Communications Manager
Tel +44 1224 265750
communications@subsea7.com
www.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