Subsea7 Secures a New Contract for Shell's Kaikias Waterflood Project

Core Insights - Subsea7 S.A. has been awarded a contract by Shell plc for the Kaikias Waterflood project in the Gulf of America, focusing on subsea equipment transportation and installation [1][8] - The contract is considered 'sizeable', valued between $50 million and $150 million, with project management and engineering tasks commencing immediately [2][8] - Offshore activities for the project are scheduled to begin in 2027, with subsea infrastructure to be installed at depths of up to 1,650 meters [2][8] Company Relationship - The contract award strengthens Subsea7's long-standing relationship with Shell, allowing the company to leverage its deepwater experience for the Kaikias project [3] Project Details - Shell made a final investment decision on the Kaikias waterflood project in December 2025, aimed at increasing recoverable resources by injecting water into the reservoir to aid oil extraction [4]