Regulatory Filings • Sep 14, 2025
Regulatory Filings
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Luxembourg - 14 September 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a major2 project under the long-term agreement (LTA) with Aramco that relates to certain facilities located offshore Saudi Arabia.
The contract scope includes the engineering, procurement, construction, and installation (EPCI) of 106 kilometres of infield and export pipelines, modification to existing topsides, and associated hook-up activities. Project management and engineering work will begin immediately at Subsea7's offices in Saudi Arabia and the UAE. Offshore activities are scheduled for 2027 and 2028.
David Bertin, Senior Vice President for Subsea7 Global Projects Centre East, said: "This project marks another important milestone and reinforces our long-term strategic engagement with Aramco. We look forward to working closely with the client to deliver this project safely, efficiently, and to the highest standards."
****************************************************************************************************************************************************************************** Subsea7 is a qlobal leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry's partner and employer of choice in delivering the efficient offshore solutions the world needs.
Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62. ******************************************************************************************************************************************************************************
Katherine Tonks Investor Relations Director Tel +44 20 8210 5568 [email protected]
Hariom Cavalcante Communications Manager Tel +33 7 66 12 48 80 [email protected] www.subsea7.com
Forward-Looking Statements: This document may contain forward-looking statements' (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements may be identified by the use of words such as 'anticipate', 'believe', 'expect', 'future', 'goal', 'intend', 'likely' 'may', 'plan', 'project', 'seek', 'should', 'strategy' 'will', and similar expressions. The principal risks which operations of the Group are described in the `Risk Management' section of the Group's Annual Report and Consolidated Financial Statements. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordans and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (ii) our ability to recover costs (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation of projects included in our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deteriorship with, any significant clients; (vii) the outcome of legal proceedings or governmental inquiries; (ix) uncertainties inherent in operating internationally, including economic, political and social in embarges, labour unrest, changes in foreign governmental requlations, corruption and currency fluctuations; (x) the effects of a natural disaster; (xi) liability to third parties for the failure of our iont venture to fulfi their obligations: (xi) changes in, or our failure to comply with, applicable and requations (including requlatory measures addres); (xii) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; ( xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penaties for failure to meet project completion requirements; (xv) the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; (xvi) global availability of suitable alternative vessel fuels; and (xvii) the effectiveness of our disclosure controls and internal control over financial reporting. Many of these factors are beyond our ability to control or predict. Given these uncertaintes, you should not plance on the forward-looking statements. Each forwardlooking statement speaks only as of this document. We undertake no oblicy or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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