Presentation

Subsea 7 is a subsea installation and construction company. The company’s history traces back to the merger between DSDN’s and Halliburton’s subsea segments in 2002. In 2004, Halliburton divested its 50% stake and the company was listed on Oslo Stock Exchange the next year. In 2011, the company merged with Acergy and transformed into one of the world’s largest subsea construction companies. Subsea 7 is headquartered in London, UK.

The company divides its operational segments into 1) SURF and Conventional, 2) Life of FIeld, and 3) Renewables and Heavy Lifting. Its greater share of income originates from the subsea, umbilical, riser and flowlines (SURF) business, and it has successfully undertaken 1,000 projects over the last 20 years. In addition, the Subsea Integration Alliance provides a fully integrated subsea solution through an alliance between OneSubsea and Subsea 7. Life of Field operates under the i-Tech 7 brand and is a leading expert in inspection, repair and maintenance (IRM). The Renewables and Heavy Lifting segment offers EPCI and T&I services for offshore wind farms, and heavy lifting and cable-lay services for offshore oil and gas developments, operating under the Seaway 7 brand. This segment now comprises more than 30% of the company’s backlog after a record quarter of new awards. The company has a top three position within both oil and gas, and inter array cable and foundation installation on offshore wind farms.