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

In an evolving energy sector, we create sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.

2019 Financial Performance

 

$3,657m

revenue Revenue

$631m

adjusted Adjusted EBITDA

$5,187m

shake Backlog

$304m

back Dividends and share repurchases



Leadership Review

 

Chairman’s Statement

“We have a solid foundation of experience, expertise and Values. From this, we continue to develop and grow to meet the evolving needs of the offshore energy industry.”

- Kristian Siem, Chairman

Chief Executive Officer's Review

“Our track record of engineering creative solutions, delivered reliably, safely and collaboratively, positions us well for the increase in activity as our end markets recover and grow.”

- John Evans, Chief Executive Officer

Our Business Model

Full service across the field lifecycle

Creating better outcomes for 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 culture ensures good performance without compromising safety.

Our shareholders

relationships 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 a commitment to good governance.

Our people

our-people Our people are the foundation of our business. Our experts, onshore and offshore, can deliver solutions around the world, leading the industry in know-how and the ability to innovate. We invest in our people, giving them opportunities to learn and grow.

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. With Integrity as a Value we have a zero tolerance attitude toward non-compliant business practices.

Our Business Units

Delivering across our segments

Subsea 7 structures itself around its diversified strengths, operating across three operational business units: SURF and Conventional, Life of Field and Renewables and Heavy Lifting.

Our Business Units
Our Business Units

 

SURF and Conventional

Our SURF and Conventional business unit is a world leader in delivering complex offshore projects to the constantly evolving energy industry.

Learn more

 

 

Life of Field

Through i-Tech 7 we provide leading Life of Field solutions for the offshore energy industry.

Learn more

 

 

Renewables and Heavy Lifting

Seaway 7 is Subsea 7’s Renewables and Heavy Lifting business, which aims to be a partner of choice for our clients in the growing offshore wind farm sector.

Learn more

 

Group Revenue
$3,657m

Order Intake
$3,945m

Backlog
$5,187m

 

Corporate Responsibility

Committed to operating in a safe, ethical and responsible manner

Corporate Responsibility
Corporate Responsibility

 

Our KPIs

0.02 %

safety-hat Lost-time incident frequency rate per 200,000 hours



99

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

0.20 %

incident Recordable incident frequency rate per 200,000 hours worked

$4.1m

hand-cash Operational cost savings due to Clean Operations programme

11.8

Enviromental-spill Litres of environmental spill per 200,000 hours worked

0.82 %

Evironmental-incident-frequency Environmental incident frequency rate per 200,000 hours worked



4,791

NO.-of-employees-compliance Number of employees completing compliance ethics
e-learning

   

Nationality mix

 

Gender mix of the Executive Management Team
 

Gender mix Groupwide

 

Age


Annual Report 2019

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.