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.

Download Annual Report 2019

2019 Financial Performance

$3,657m

Revenue

$631m

Adjusted EBITDA

$5,187m

Backlog

$304m

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

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View Board of Directors

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

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View Executive Management Team

Our Business Model

Full service across the field lifecycle

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Creating better outcomes for our stakeholders

Our 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

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 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

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