Subsea 7 ( (GB:0OGK) ) just unveiled an announcement.
Subsea 7 S.A. announced a substantial EPCI contract awarded by bp for the Ginger project offshore Trinidad and Tobago, marking a significant project under the new global framework agreement with Subsea Integration Alliance partners. This agreement introduces a novel commercial model that aligns incentives for value creation among stakeholders, enhancing system-level optimization and transparency. The project will involve Subsea7 supplying key infrastructure and SLB OneSubsea delivering subsea trees and a high-integrity pressure protection system, with operations beginning in Houston and offshore activities set for 2026.
More about Subsea 7
Subsea7 is a global leader in delivering offshore projects and services for the energy industry, focusing on sustainable value creation. The company is recognized as a partner and employer of choice in providing efficient offshore solutions. Subsea Integration Alliance, a strategic global partnership between SLB OneSubsea and Subsea7, offers integrated subsea solutions, including field development planning and EPCI contracting models.
YTD Price Performance: -12.90%
Average Trading Volume: 56,111
Technical Sentiment Signal: Hold
Current Market Cap: NOK45.69B
For a thorough assessment of 0OGK stock, go to TipRanks’ Stock Analysis page.