Our vision is to lead the way in the delivery of offshore projects and services for the energy industry.

Subsea 7 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.

2018 Financial Performance

 

$4,074m

revenue Revenue

$669m

adjusted Adjusted EBITDA

$4,907m

shake Backlog

$297m

back Dividends and buy backs

Leadership Review

 

Chairman’s Statement

“Our strategic investments to grow and strengthen our business through the recent down cycle position us well to deliver sustainable value to all our stakeholders as the market recovers.”

- Kristian Siem, Chairman

Chief Executive Officer's Review

“We have performed well, delivering differentiated services and solutions for our clients in an evolving energy sector.”

- Jean Cahuzac, Chief Executive Officer

 

Our Business Model

Subsea 7 capabilities across the energy lifecycle

Delivering value for our stakeholders

Our Stakeholders

Our Stakeholders
Our Stakeholders

Our clients

clients Our collaborative way of working helps us to develop the best solutions for our clients’ needs. We are able to lower our clients’ costs by utilising our technology, our assets and efficient work processes

Our shareholders

shareholders We seek to create long-term value for our shareholders in all that we do. We have the right solutions to maintain a market-leading position. We have a disciplined approach to capital allocation and an uncompromising commitment to good governance

Our people

our-people Our people are the foundation of our business and their safety and security is paramount. Our experts, onshore and offshore, can deliver solutions around the world, leading the industry in know-how and the ability to generate innovative solutions

Society

society We engage with the societies we work in. Through local partnerships we create and develop local content opportunities, and contribute to the communities in which we work

Our Business Units

Delivering across our segments

Subsea 7 structures itself around its diversified strengths, reporting across three operational business units: SURF and Conventional, Life of Field, and Renewables and Heavy Lifting. Through these business units we are able to provide full energy lifecycle services.

Our Business Units
Our Business Units

 

 

Our SURF and Conventional business unit is a global leader in offshore energy services delivering Design, Engineering, Procurement, Construction, Installation (EPCI) and Decommissioning projects in all water depths, operating under the Subsea 7 brand.

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Our Life of Field business unit is a leading expert in inspection, repair and maintenance (IRM), integrity management, drill rig support, production enhancement and decommissioning support services, operating under the i-Tech 7 brand.

Learn more

 

 

 

Our Renewables and Heavy Lifting business unit is an experienced partner for the delivery of offshore wind farm projects and specialist heavy lifting and cable-lay services, operating under the Seaway 7 brand.

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Group revenue
$4,074m

Backlog
$4,907m

 

Corporate Responsibility

Committed to operating in a safe, ethical and responsible manner

Corporate Responsibility
Corporate Responsibility

 

Our KPIs

0.05

safety-hat Lost-time incident frequency rate (%)



103

co2 Tonnes of carbon dioxide (Scope 1) carbon emissions produced per $1 million in revenue

0.22

incident Recordable incident frequency rate (%)

$3.1m

hand-cash Operational cost savings due to Clean Operations programme

   

Nationality mix

Gender mix at leadership level

Gender mix Company wide

Annual Report

Our latest Annual Report is available to download by section or in full.

Investor Relations

Information for Investors, including the latest financial results, reports, events and share price.