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Last 70.50 NOK
Change Today -1.85 / -2.56%
Volume 781.5K
SUBC On Other Exchanges
As of 6:40 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

subsea 7 sa (SUBC) Snapshot

71.60 NOK
Previous Close
72.35 NOK
Day High
72.20 NOK
Day Low
70.30 NOK
52 Week High
09/4/14 - 100.90 NOK
52 Week Low
08/24/15 - 58.20 NOK
Market Cap
Average Volume 10 Days
1.05 NOK
Shares Outstanding
Dividend Yield
Current Stock Chart for SUBSEA 7 SA (SUBC)

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subsea 7 sa (SUBC) Details

Subsea 7 S.A. operates as a seabed-to-surface engineering, construction, and services contractor to the offshore energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore. The company also offers engineering, procurement, installation, and commissioning of subsea umbilicals, risers, flowlines, and structures; life of field services, such as inspection, maintenance, repair, and integrity management of subsea infrastructure; conventional services comprising fabrication and installation of fixed platforms and associated pipelines; and hook-up services consisting of addition of modules on new platforms and the refurbishment of topsides of existing, fixed, and floating platforms. In addition, it operates heavy lift vessels; installs offshore wind turbines, structures, and substations; and transports and installs offshore oil and gas structures, as well as engages in the decommissioning of redundant offshore structures. Further, the company provides remotely operated vehicles (ROVs) and tooling services to support exploration and production activities. It has 39 vessels in the active fleet and 5 vessels under construction, as well as 175 ROVs. Subsea 7 S.A. was incorporated in 1993 and is based in London, the United Kingdom.

13,000 Employees
Last Reported Date: 03/11/15
Founded in 1993

subsea 7 sa (SUBC) Top Compensated Officers

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Executives, Board Directors

subsea 7 sa (SUBC) Key Developments

Subsea 7 SA Announces Award of Subsea, Umbilical, Riser and Flow line Contract by Maersk Oil with Value in Excess of USD 150 Million for the Culzean Development

Subsea 7 SA announced the award of a subsea, umbilical, riser and flow line contract by Maersk Oil with a Value in excess of USD 150 million for the Culzean development. The ultra-high pressure, high temperature field, one of the large gas discoveries offshore UK, is located in Block 22/25 of the Central North Sea at a water depth of approximately 90 meters. The contract scope includes project management, engineering, procurement, construction and Installation of a 22 diameter 52 km gas export pipeline connected to the Central Area Transmission System and a 3.6 km pipe-in-pipe 10" outer pipe and 6" inner pipe providing insulation for the transportation of the condensate to the in-field Floating, Storage and Offloading facility. The pipe-in-pipe will be laid with a 4" piggy-back line that will transport fuel gas to the FSO. Subsea 7 will also provide subsea structures, tie-ins to the Culzean platform facilities and pre-commissioning expertise. Project management and engineering work will commence immediately from Subsea 7 Aberdeen office. Offshore activities will utilise a number of Subsea 7 vessels including the highly versatile pipelay and heavy-lift vessel, Seven Borealis. Offshore operations are scheduled to commence in 2017.

Subsea 7 Awards USD 500 Million Contract Offshore Egypt

Subsea 7 SA announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. The contract is the first phase of Egypt's West Nile Delta project where field development will be at depths of approximately 800 metres. The contract scope includes the engineering, procurement, installation and pre-commissioning of subsea infrastructure required to develop the hydrocarbon resources from nine wells including 75 kilometres of umbilicals and 100 kilometres of pipeline. Engineering and project management work will commence immediately and will be undertaken at Subsea 7's Global Projects Centre in London. Fabrication of the subsea structures and spools will be carried out at the Petrojet Maadia yard near Alexandria. Offshore installation is scheduled to commence in the second half of 2016 using the Subsea 7 pipelay vessel, Seven Borealis, and heavy construction vessel, Seven Arctic.

DOF Subsea ASA Announces Contract Agreement with Subsea 7 for the Vessels Skandi Acergy, Skandi Seven and Skandi Skansen

DOF Subsea, a subsidiary of DOF ASA, has reached an agreement with Subsea 7 for the chartering of the vessels Skandi Acergy, Skandi Seven and Skandi Skansen. Subsea 7 has committed to a 3-year firm period for the vessel Skandi Acergy, commencing in direct continuation of the current firm period. The vessel is then firmly contracted until August 2019. For the vessel Skandi Skansen, the parties have agreed on a new contract for 2016 ensuring utilization for most of the summer season. Skandi Seven will be redelivered to DOF Subsea on 1st January 2016. DOF Subsea has several chartered in vessels that can be redelivered to owners during the next three to twelve months compensating the redelivery of Skandi Seven. In total, the agreed contracts will increase the firm backlog for 2016 and through to 2019.


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