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Our vision

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

Learn about our vision

  • Order Intake

    2023: $7.4bn

    2022: $7.1bn

  • Revenue

    2023: $6.0bn

    2022: $5.1bn


    2023: $714m

    2022: $559m

  • Subsea and Conventional


  • 2023


Our world

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

Our strategy

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

Explore our strategy

How we make possible

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

Dividends and Share Repurchases



pull-out-icon1 over the past 12 years


adjusted dividend, paid in 2023


revenue dividends and share repurchases
in 2024-2027

Chairman’s Statement

“We have a strong position across the offshore energy landscape from subsea oil and gas, carbon capture and fixed offshore wind, to emerging energy sources. We are playing a key role in supporting our stakeholders, and the world, in achieving its energy transition goals.”

- Kristian Siem, Chairman

Download Chairman's StatementView Board of Directors

Chief Executive Officer's Review

“Our Subsea and Conventional business delivered strong, quality backlog growth that should underpin increasing cash flow in the years ahead. In our Renewables business, profitability has recovered and our backlog of work supports high activity through 2024 and 2025.”

- John Evans, Chief Executive Officer

Download Chief Executive Officer's ReviewView Executive Management Team

Our Business Model

Delivering projects large and small across the energy lifecycle.
1,000+ projects successfully completed around the world.

Creating better outcomes for our stakeholders

Our People

Our clients

We work collaboratively with our clients to make possible the energy transition. We offer cost effective solutions and explore carbon reduction opportunities through our technology, assets and strategic partnerships. We insist on high standards in safe and responsible operations.


Our shareholders

Our strategy aims to create resilient value for shareholders. We are committed to strong capital stewardship and corporate governance. Transparent reporting enables our shareholders to measure our performance, and through investor events we aim to communicate our strategy and listen to feedback.


Our people

Our people are the foundation of our business and their health, safety and wellbeing are our top priority. We invest in our people, giving them opportunities to learn and grow. Creating, maintaining and promoting an inclusive work environment is vital for our employees to thrive.



With a well-established international presence, we take care to understand and respect local customs and sensitivities. Through close relationships with local stakeholders, we create opportunities that foster sustainable energy development for all. We aim to minimise the impact of our operations on ecosystems.


Committed to operating in a safe and ethical manner

Subsea7 has a strong values-led culture and believes that operating in a safe, ethical and responsible manner is at the heart of creating sustainable value for all our stakeholders. Below are some key figures from 2023 across all sustainability dimensions.

Learn more about our sustainability commitments

  • 0.03

    Lost-time injury frequency rate per 200,000 hours worked
  • 83%

    Percentage of suppliers with a contract that included human rights clauses
  • 8,349

    Number of employees completing compliance and ethics e-learning including anti-corruption
  • 11.9 GW

    Cumulative power capacity of renewables projects supported to end of 2023
  • 656,624

    Tonnes of CO2-e Scope 1 GHG emissions
  • 91%

    % of waste recycled onshore
  • 1.18

    Environmental incident frequency rate per 200,000 hours worked
  • 23

    Litres of environmental spill per 200,000 hours worked

Annual Report 2023

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.