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    SUBC   LU0075646355

SUBSEA 7 S.A.

(SUBC)
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Subsea 7 Wins Contract Offshore Norway

12/17/2021 | 06:28am EDT

Subsea 7 S.A. announced the award of a sizeable contract by Aker BP for the Hanz field development located in the North Sea. The project involves a subsea tie-back of approximately 15 kilometres to the Ivar Aasen platform. The contract scope includes engineering, procurement, construction and installation (EPCI) of the gas lift and production pipelines, and associated subsea infrastructure, using vessels from Subsea 7’s fleet. The production pipeline is a pipe-in-pipe design. Project management and engineering will commence immediately at Subsea 7’s offices in Stavanger, Norway. Fabrication of the pipelines will take place at Subsea 7’s spool base at Vigra, Norway and offshore operations are expected to be carried out in 2023. Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.


© S&P Capital IQ 2021
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Financials (USD)
Sales 2022 4 928 M - -
Net income 2022 51,5 M - -
Net Debt 2022 74,7 M - -
P/E ratio 2022 53,3x
Yield 2022 1,62%
Capitalization 2 821 M 2 821 M -
EV / Sales 2022 0,59x
EV / Sales 2023 0,51x
Nbr of Employees 11 869
Free-Float 76,0%
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Technical analysis trends SUBSEA 7 S.A.
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Mean consensus BUY
Number of Analysts 18
Last Close Price 9,64 $
Average target price 10,65 $
Spread / Average Target 10,4%
EPS Revisions
Managers and Directors
John Evans Chief Executive Officer
Mark Foley Chief Financial Officer
Kristian Siem Chairman
Philip John Simons Executive Vice President-Operations & Projects
Dod A. Fraser Independent Non-Executive Director
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