Bifogade filer
2025-07-04 18:04:15
Luxembourg - 4 July 2025?- Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today
announced the award of sizeable(1) contract offshore Egypt.
?Subsea7 will be responsible for the engineering, procurement, commissioning and
installation of flexible pipelines, umbilicals, and associated subsea components
for a tie back to existing infrastructures.?
Project management and engineering work will begin immediately at Subsea7's
offices in France, Portugal, and Egypt. Offshore activity is expected to start
in 2026.
David Bertin, Subsea7's Senior Vice President GPC East, said: "Our early
engagement has been instrumental in shaping a shared vision and delivering
innovative, efficient solutions. This award is a testament to the strength of
our collaboration, our proven track record, and our commitment to safe, high-
quality execution. We are pleased to be able to support our client in enabling
and executing such a strategically important project in Egypt."
(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:
Hariom Cavalcante
Communications Manager
Tel +33 59 69 01 02
Hariom.Cavalcante@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