Subsea 7 S.A. is a global provider of subsea engineering, construction, and project management services to the offshore oil and gas industry. The company specializes in the design, fabrication, and installation of subsea infrastructure, including pipelines, risers, and related equipment, as well as the execution of complex field development and tie-back projects.
Headquartered in Luxembourg, Subsea 7 operates worldwide, supporting major energy companies with technically demanding subsea solutions. Its recent activities include fabrication contracts for structures such as PLEMs, PLETs, and pig launchers/receivers for developments like Equinor’s Fram Sør field in the Norwegian North Sea.
Also known as Subsea 7.
chemXplore tracks 5 projects involving Subsea7, of which 3 are active.
Subsea7's role on them: EPCI.
2 new construction and 1 expansion.
Expected to start operating, per year.
Contractors and licensors are recorded on all 3 of them For subscribers
Targeting: Crude oil (3), Natural gas (2), Water (1)
Regulator flags risk that the deal could curtail low-carbon ferronickel supply into Europe, raising stainless-steel production costs and weakening resilience.
Adds ~30 million boe (mostly gas) and >4 billion m³ of gas; tied to Skarv FPSO with 4.5 kg CO2/boe intensity; lifts Skarv output toward 9 million boe by 2027.
Portfolio concentrated into fewer countries, expected ~USD 20bn free cash flow 2026–2030; US, Brazil and Angola to drive growth; higher margins from high-grading and stepped-up exploration.
Planned for 12 wells (6 producers/6 injectors), currently 5 producers and 3 injectors are tied in; Mero averaged about 740 mbpd in Q2 2026; PRM monitoring and HISEP separation are being deployed.
Quarterly results bolstered by record own oil output, above-100% refinery utilization and higher derivative production, supporting cash generation and lower imports.
Strong H1 profits and cash flow; Q2 free cash flow hit by $13.6bn working-capital build. Dividend declared and key upstream/gas projects on track for 2026–27 completion.
Record oil, NGL and gas output reached 3.34 MMboed in Q2, up 14.1% YoY; operated production 4.87 MMboed; refinery utilisation 101.2% and derivative imports at pandemic-low.
Will fabricate 34 subsea structures (PLEMs/PLETs/PLRs); steel cutting in June; delivery H1 2027. Project ties back to existing infrastructure and Troll C; peak >80 staff.
By country, the most active first.
