Core Viewpoint - Subsea 7 S.A. has been awarded a significant contract by Shell for the Kaikias Waterflood project, enhancing their collaboration and leveraging deepwater expertise for efficient project execution [1][3]. Group 1: Contract Details - The contract is classified as "sizeable," defined by Subsea 7 as being between $50 million and $150 million [3]. - The Kaikias field is located approximately 210 kilometers off the Louisiana coast in the US, involving deepwater development in the Mars-Ursa Basin [1]. - The scope of work includes the transportation and installation of a subsea umbilical, riser, and a rigid flowline at water depths of up to 1,650 meters [1]. Group 2: Project Timeline - Project management and engineering activities will commence immediately from Subsea 7's Houston, Texas office [2]. - Offshore operations are scheduled to begin in 2027 [2]. Group 3: 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 [4].

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 ...