Luxembourg – 27 September 2023 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced receipt of a client recommendation to execute, subject to consortium partners’ approval, a major1 contract which will be recorded in the Subsea and Conventional business unit’s backlog in the third quarter 2023. Consortium approval is expected in the fourth quarter 2023.
No further details are disclosed at this time due to contractual obligations.
(1) Subsea7 defines a major contract as being over USD 750 million
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Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry. We create 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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