Subsea 7 SA - Company Profile
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Subsea 7 SA (Subsea 7) is a subsea engineering, construction, and service-providing company. It provides engineering, project management, supply chain, and vessel management services. The company connects seabed wellhead structures to surface facilities, such as platforms and floating production and offloading systems. Subsea 7 offers fully integrated offshore products and services for the inspection, maintenance, and repair of existing offshore infrastructures. It also installs offshore wind turbines, structures, and substations; transports and installs offshore oil and gas structures; and decommissions redundant offshore structures. The company serves customers in the offshore infrastructure sector across the UK, Norway, the US, Egypt, Brazil, Nigeria, Australia, Angola, Canada, Ghana, France, Saudi Arabia, Turkiye, and other countries. Subsea 7 is headquartered in Sutton, England, the UK.
Headquarters
United Kingdom
Address
40 Brighton Road, Sutton, England, SM25BN
Website
www.subsea7.com
Telephone
44 20 87226025
No of Employees
1
Industry
Energy and Utilities
Ticker Symbol & Exchange
SUBC (OSL)
Revenue (2022)
$6.0B
16.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-73%
(2022 vs 2021)
Market Cap*
$5.3B
Net Profit Margin (2022)
XYZ
-76.6%
(2022 vs 2021)
* As of and is in US$
Subsea 7 SA premium industry data and analytics
Products and Services
| Services |
|---|
| Engineering, Procurement, Installation and Commissioning (EPIC) contracting |
| Engineering Design |
| Project Management |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company secured a contract from Talos Energy for the Sunspear development in Green Canyon Block 78, Gulf of Mexico. |
| 2024 | Contracts/Agreements | In March, the company partnered with Woodside Energy to deliver subsea installation services for the Trion development. |
| 2024 | Contracts/Agreements | In March, Seaway7 entered into a contract with Orsted and PGE to install offshore transformer stations for the Baltica 2 offshore wind project off Poland. |
Competitor Comparison
| Key Parameters | Subsea 7 SA | Baker Hughes Co | Saipem SpA | TechnipFMC Plc | John Wood Group Plc |
|---|---|---|---|---|---|
| Headquarters | United Kingdom | United States of America | Italy | United Kingdom | United Kingdom |
| City | Sutton | Houston | Milano | London | Aberdeen |
| State/Province | England | Texas | - | England | Scotland |
| No. of Employees | 1 | 58,000 | - | 22,762 | 32,072 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kristian Siem | Chairman | Executive Board | 2011 | 74 |
| John Evans | Chief Executive Officer | Senior Management | 2020 | 60 |
| Mark Foley | Chief Financial Officer | Senior Management | 2022 | 50 |
| Olivier Blaringhem | Executive Vice President - Subsea and Conventional | Senior Management | 2020 | 53 |
| Nathalie Louys | General Counsel | Senior Management | 2012 | 60 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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