Subsea7 awarded contract offshore Türkiye
Luxembourg – 27 August 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a major1 contract by Turkish Petroleum Offshore Technology Center (TP-OTC). The project was awarded for the development of phase 3 of the Sakarya field development in the Black Sea, offshore Türkiye.
Subsea7’s scope includes engineering, procurement, construction and installation (EPCI) of the subsea umbilicals, risers and flowlines (SURF). Project management and engineering will commence immediately and will be managed by the Subsea7 office in Istanbul, Türkiye.
David Bertin, Senior Vice President for Subsea7 Global Projects Centre East, said: “This award builds on our track record in Türkiye and further reinforces our relationship with TP-OTC, demonstrating Subsea7’s expertise in delivering complex, integrated offshore projects safely and reliably. It underlines our commitment to supporting Türkiye’s strategic energy goals and advancing our strong regional presence.”
Hulya Ozgur, Subsea7 Türkiye Business Unit Director, said: “We are proud to continue our journey with TP-OTC on the Sakarya Gas Field Development Project, supporting Türkiye’s vision for energy independence. This new award reflects the dedication and capability of our Türkiye team, our commitment to local content development, and our focus on delivering safe and efficient offshore solutions.”
- Subsea7 defines a major contract as being between $750 million and $1.25 billion
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Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.
Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.
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