Subsea 7 - Awarded contract offshore Australia

Core Insights - Subsea 7 S.A. has received a substantial contract from Chevron Australia for subsea installation on the Gorgon Stage 3 Project, offshore Australia [1][3] - The contract includes project management, engineering, procurement, fabrication, transportation, installation, and pre-commissioning of subsea equipment at a water depth of 1,350 meters [1][3] - The project management and engineering work will start immediately from Subsea 7's office in Perth, with offshore operations expected to commence in 2028 [2] Financial Details - Subsea 7 defines a substantial contract as being valued between $150 million and $300 million [3] Strategic Importance - This project is seen as a significant milestone that reinforces Subsea 7's long-term strategic engagement with Chevron [2] - The company aims to leverage its local and international capabilities to ensure safety, quality, and technical integrity in offshore operations [3] 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 [3]