Subsea 7 - awarded contract offshore US

Core Viewpoint - Subsea 7 S.A. has been awarded a significant contract by LLOG Exploration Offshore L.L.C. for the Buckskin South Expansion project, which is located approximately 305 kilometers off the Texas coast, involving subsea umbilical and flowline installation at depths of up to 2,100 meters [1][2]. Group 1: Contract Details - The contract involves the transportation and installation of subsea infrastructure for the Buckskin South Expansion project [1]. - Project management and engineering activities will commence immediately from Subsea 7's Houston office, with offshore operations planned for 2026 and 2027 [2]. Group 2: Company Positioning - Subsea 7 is recognized as a global leader in delivering offshore projects and services, focusing on creating sustainable value and being a preferred partner in the energy industry [2]. - The company aims to enhance value from US developments, building on previous successes such as the Salamanca project, which recently achieved first oil [2].