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Our Vision and Values Framework

Our Vision

To make possible the global delivery of offshore energy for today and tomorrow.

Our Values

  • Safety
  • Integrity
  • Sustainability
  • Performance
  • Collaboration
  • Innovation

Our Strategy

We create sustainable value by delivering the offshore energy transition solutions the world needs.

How we make possible

These are the key areas that differentiate Subsea7:

  • Early engagement and system innovation
  • Collaboration and partnerships
  • Integrated services
  • Sustainable delivery
  • Digital solutions
  • Enabling-products

2022 Financial Performance



revenue Revenue


adjusted Adjusted EBITDA


shake Backlog


back Dividends and share repurchases

Leadership Review


Chairman’s Statement

We have a strong position across the offshore energy landscape from lower-carbon oil and gas, carbon capture and fixed offshore wind, to emerging energy sources such as floating wind and future opportunities in hydrogen. We are playing a key role in supporting our stakeholders, and the world, in achieving its energy transition goals.”

- Kristian Siem, Chairman

Chief Executive Officer's Review

Our Subsea and Conventional business experienced continued positive momentum in 2022. High tendering activity resulted in another year of strong order intake along with an improvement in pricing. In our Renewables business, the terms of new offshore wind contracts improved driven by high forecast demand and a shortage of installation capacity.”

- John Evans, Chief Executive Officer

Our Business Model

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 a disciplined approach to capital allocation and a commitment to good governance. Through roadshows and conferences, we aim to communicate effectively with our existing and potential new shareholders.

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 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 towards non-compliant business practices.

Our World

 Subsea7 creates sustainable value by delivering the offshore energy transition solution the world needs. 

Our Strategy


Subsea7 is playing a significant role in offshore energy transition, enabling lower-carbon oil and gas through the continuous evolution of subsea and conventional developments, life-of-field services and the electrification of offshore facilities.

Download our strategy




Subsea7 is making renewables and emerging energy possible by enabling the change and innovation required to deliver projects in offshore wind, carbon capture and hydrogen.

Download our strategy



Committed to operating in a safe, ethical and responsible manner

Corporate Responsibility
Corporate Responsibility


Our KPIs


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


co2 Tonnes of scope 1 CO2 emissions

10.5 GW

Windmill_Icon Cumulative power capacity of renewables projects supported to end of 2022


Recycle_Icon % of waste reused or recycled from onshore owned sites


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


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


NO.-of-employees-compliance Number of employees completing compliance ethics e-learning including anti-corruption


Supporting_Hands_Icon Percentage of suppliers with a contract that included human rights clauses


Annual Report 2022

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.