Subsea7 awarded subsea contract

Subsea7  today announced the award of a sizeable¹ contract that will be recognised in the backlog of its Subsea and Conventional business unit in the second quarter 2024. The contract is subject to final investment decision, expected in the coming weeks. Offshore activities are scheduled for 2026.

No further details are disclosed at this time due to contractual obligations.

_{1. Subsea7 defines a sizeable contract as being between $50 million and $150 million}