Subsea 7 - awarded contract offshore Egypt

Core Insights - Subsea 7 S.A. has been awarded a sizeable contract offshore Egypt for the engineering, procurement, commissioning, and installation of flexible pipelines, umbilicals, and associated subsea components [1][2] - The project management and engineering work will commence immediately at Subsea 7's offices in France, Portugal, and Egypt, with offshore activities expected to start in 2026 [1][2] - Subsea 7 defines a sizeable contract as being between $50 million and $150 million [2] Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services for the energy industry, focusing on creating sustainable value and being the partner of choice in the sector [3]