Subsea7 awarded contract offshore Norway
Luxembourg – 17 July 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a large1 contract by Equinor relating to the Fram Sør development project, offshore Norway.
The project work scope covers engineering, procurement, construction and installation (EPCI) of subsea structures and flowlines including 53 kilometres of production, gas lift and water injection lines. The scope also includes installation of the umbilical system. It follows the award on 9 January 20252 of a contract for front-end engineering and design that finalised the technical definition of the development.
Engineering and project management will begin immediately in our offices in Norway and UK. Offshore installation activities are expected in 2026, 2027 and 2028.
The Fram Sør area is located 10-30 kilometres north of the Equinor-operated Troll C platform, approximately 70 kilometres north-west of Bergen. The Fram Sør project will be connected to the existing Fram and Troll C infrastructure.
Erik Femsteinevik, Vice President for Subsea 7 Norway said: “This award continues our long-standing collaboration with Equinor. The FEED study enabled Subsea7 to engage early in the field development process, optimising design solutions and contributing to the final investment decision. We look forward to working closely with Equinor to deliver the Fram Sør development safely and efficiently”.
Contract is subject to authority approval of Plan for development and operations (PDO).
- Subsea7 defines a large contract as being between $300 million and $500 million.
- /en/media/company-news/2025/Subsea7_awarded_contract_offshore_Norway.html
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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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Contact for investment community enquiries:
Katherine Tonks
Investor Relations Director
Tel 8
Contact for media enquiries:
Jan Roger Moksnes
Communications Manager
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This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 17 July 2025 at 21:45 CET.
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