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Subsea 7 - awarded contract offshore Norway
Luxembourg – 19 December 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 extension of an existing frame agreement by Equinor for subsea inspection, maintenance and repair services (IMR), for vessel Seven Viking. This is the latest extension to the frame agreement, first signed in 2018. Under the terms of the extension, to the end of 2027, Seven Viking will carry out inspection, maintenance and repair (IMR) services for subsea operations at Equinor’s oi
About this update from Subsea 7 S.a.
[{"type":"text","content":"Luxembourg – 19 December 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 extension of an existing frame agreement by Equinor for subsea inspection, maintenance and repair services (IMR), for vessel Seven Viking.","length":255,"tagName":"p"},{"type":"text","content":"This is the latest extension to the frame agreement, first signed in 2018. Under the terms of the extension, to the end of 2027, Seven Viking will carry out inspection, maintenance and repair (IMR) services for subsea operations at Equinor’s oil and gas wells across the Norwegian Continental Shelf.","length":299,"tagName":"p"},{"type":"text","content":"Project management and engineering work will continue to be managed from Subsea7’s office in Stavanger.","length":103,"tagName":"p"},{"type":"text","content":"Erik Femsteinevik, VP Subsea7 Norway, said: “We value that Equinor has decided to exercise the option to extend the IMR contract for Seven Viking, and we look forward to continuing to support safe and efficient operations for them, on the Norwegian Continental Shelf.”","length":268,"tagName":"p"},{"type":"text","content":"1. Subsea7 defines sizeable as being between USD 50 million and USD 150 million.","length":80,"tagName":"p"},{"type":"text","content":"**********************************************************************************************","length":94,"tagName":"p"},{"type":"text","content":"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.","length":256,"tagName":"p"},{"type":"text","content":"Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.","length":87,"tagName":"p"},{"type":"text","content":"**********************************************************************************************","length":94,"tagName":"p"},{"type":"text","content":"Contact for investment community enquiries:","length":43,"tagName":"p"},{"type":"text","content":"Katherine Tonks Investor Relations Director Tel +44 20 8210 5568 [email protected]","length":82,"tagName":"p"},{"type":"text","content":"Contact for media enquiries:","length":28,"tagName":"p"},{"type":"text","content":"Jan Roger MoksnesCo...