Luxembourg – 29 January 2026 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 contract by Shell for the Kaikias Waterflood project. The Kaikias field is a deepwater development in the Mars-Ursa Basin, approximately 210 kilometres off the Louisiana coast in the US. The scope of work includes the transportation and installation of a subsea umbilical, riser, and a rigid flowline in water depths of up to 1,650 metres. Project management and engineering activities will begin ...

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 in depths of up to 2,100 meters [1][2]. Company Overview - 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 [3]. Project Details - The project management and engineering activities for the Buckskin South Expansion will commence immediately from Subsea 7's Houston office, with offshore operations planned for 2026 and 2027 [2]. - The contract is classified as "sizeable," defined by Subsea 7 as being between $50 million and $150 million [2].

Core Insights - Subsea 7 S.A. has been awarded a super-major contract by Petrobras for the development of the Búzios 11 field, located approximately 180 kilometers off the coast of Rio de Janeiro, Brazil, at a water depth of 2,000 meters in the pre-salt Santos basin [1][2] - The contract, valued at over $1.25 billion, includes engineering, procurement, fabrication, installation, and pre-commissioning of a 112 km rigid risers and flowlines system [2][3] - Project management and engineering will start immediately, with offshore activities scheduled for 2027 and 2028 [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 efficient offshore solutions [3] - The company emphasizes its commitment to operational excellence and safety, aiming to drive value for shareholders while contributing to Brazil's development [2][3]