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Subsea 7 is a company that provides project management, engineering, and construction services to clients in both the oil and gas and renewables sectors. It operates in Subsea and Conventional and Renewables business units. The Renewables business unit, branded Seaway 7, focuses on the renewables supply chain, providing clients with foundations and cable lay services for the construction of offshore wind farms. The Subsea and Conventional business unit offers offshore energy services delivering design, engineering, procurement, construction, and installation (EPCI) and decommissioning projects.
HQSutton, GB
Employee Ratings4

Latest Updates

Employees (est.) (Dec 2020)10,870(-8%)
Job Openings62
Revenue (FY, 2020)$3.5 B(-5%)
Share Price (Sept 2021)KR67(+2%)
Cybersecurity ratingFMore

Key People/Management at Subsea 7

John Evans

John Evans

Chief Executive Officer
Ricardo Rosa

Ricardo Rosa

Chief Financial Officer
Olivier Blaringhem

Olivier Blaringhem

Executive Vice President, Subsea and Conventional
Steph McNeill

Steph McNeill

Executive Vice President, Renewables
Dod Fraser

Dod Fraser

Independent Director
Phil Simons

Phil Simons

Executive Vice President, Projects and Operations
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Subsea 7 Office Locations

Subsea 7 has offices in Sutton, Old Kilpatrick, Westhill, Wick and in 29 other locations
Sutton, GB (HQ)
40 Brighton Rd
Old Kilpatrick, GB
Napier House, Erskine Ferry Rd
Westhill, GB
Arnhall Business Park
Wick, GB
Bridge of Wester
Luanda, AO
Rua Rainha Ginga, 29-6º
Perth, AU
15-17 Williams Street
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Subsea 7 Financials and Metrics

Subsea 7 Revenue

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Subsea 7's revenue was reported to be $3.47 b in FY, 2020 which is a 5.2% decrease from the previous period.

Revenue (Q2, 2021)


Gross profit (Q2, 2021)


Gross profit margin (Q2, 2021), %


Net income (Q2, 2021)


EBIT (Q2, 2021)


Market capitalization (1-Sept-2021)


Closing stock price (1-Sept-2021)


Cash (30-Jun-2021)



Subsea 7's current market capitalization is kr19.9 b.
USDFY, 2018FY, 2019FY, 2020



Revenue growth, %


Cost of goods sold


Gross profit

USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021



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Gross profit


Gross profit Margin, %

USDFY, 2018FY, 2019FY, 2020



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USDFY, 2018FY, 2019FY, 2020

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Cash From Operating Activities


Purchases of PP&E

USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Depreciation and Amortization




Cash From Operating Activities


Purchases of PP&E

USDFY, 2018



Financial Leverage

1.3 x
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Subsea 7 Operating Metrics

Subsea 7's Backlog was reported to be $6.8b in Q2, 2021.
Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021


$5.3 b$5.4 b$5.1 b$4.91 b$5.2 b$4.6 b$4.9 b$5.19 b$5.6 b$7 b$6.8 b$6.21 b$6 b$6.8 b

Order Intake

$829 m$1.4 b$800 m$4 b$1.1 b$400 m$1.4 b$3.95 b$1.5 b$2 b$700 m$4.4 b$800 m$1.9 b

Order Intake (Life of Field)

$376 m$121 m

Order Intake (Renewables and Heavy Lifting)

$365 m$1.94 b
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Subsea 7 Acquisitions / Subsidiaries

Company NameDateDeal Size
4subseaOctober 03, 2019
4Subsea AS Norway General Trading
4Subsea Astori AS Norway General Trading
4Subsea Do Brasil Projetos e Servicos deIntegridade Subsea Ltda Brazil General Trading
4Subsea UK Limited United Kingdom General Trading
Acergy B.V. Netherlands Holding
Acergy France S.A.S. France General Trading
Acergy Holdings (Gibraltar) Limited(a) Gibraltar Special Purpose
Aquarius Solutions Inc. Canada General Trading
Aurora Environmental Limited United Kingdom General Trading
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Subsea 7 Revenue Breakdown

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Subsea 7 revenue breakdown by business segment: 18.2% from Renewables and Heavy Lifting , 7.4% from Life of Field and 74.4% from SURF and Conventional

Subsea 7 revenue breakdown by geographic segment: 14.1% from Norway, 15.0% from United States of America, 37.3% from United Kingdom, 5.4% from Brazil and 28.2% from Other

Human Capital Metrics

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Subsea 7 Cybersecurity Score

Cybersecurity ratingPremium dataset



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Subsea 7 Online and Social Media Presence

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Subsea 7 News and Updates

Subsea 7 announces Seaway 7 ASA executive team

Luxembourg – 2 September 2021 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the proposed executive team for Seaway 7 ASA, the company resulting from the planned combination1 of its Renewables business unit with OHT ASA (Oslo Børs: OHT).

Subsea 7 announces floating wind acquisition

Subsea 7 today announced that it has entered into an agreement to acquire a majority interest in the equity of Nautilus Floating Solutions S.L. a developer of technology for the floating wind market based in Bilbao, Spain.

Subsea 7 completes Pipeline Bundle for Buzzard

Subsea 7’s 88th Pipeline Bundle in 40 years is now in the Buzzard field ready to link the new northern area wells back to the existing platform.

Subsea 7 S.A. Announces Second Quarter and Half Year 2021 Results

Subsea 7 S.A. announced today results for the second quarter and first half of 2021 which ended 30 June 2021.

Subsea 7 S.A. Q2 2021 results conference call notification

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its second quarter results for the period ended 30 June 2021 on 28 July 2021 at 07:00 UK time

Subsea 7 awarded contract in the Middle East

Subsea 7 today announced the award of a sizeable(1) contract in the Middle East.The scope of work includes engineering, procurement, construction, and installation of various subsea pipelines totalling approximately 40 kilometres, with associated crossing structures and two composite power and fibre…
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Subsea 7 Frequently Asked Questions

  • When was Subsea 7 founded?

    Subsea 7 was founded in 2002.

  • Who are Subsea 7 key executives?

    Subsea 7's key executives are John Evans, Ricardo Rosa and Olivier Blaringhem.

  • How many employees does Subsea 7 have?

    Subsea 7 has 10,870 employees.

  • What is Subsea 7 revenue?

    Latest Subsea 7 annual revenue is $3.5 b.

  • What is Subsea 7 revenue per employee?

    Latest Subsea 7 revenue per employee is $318.9 k.

  • Who are Subsea 7 competitors?

    Competitors of Subsea 7 include Allseas, Blattner Energy and Planair.

  • Where is Subsea 7 headquarters?

    Subsea 7 headquarters is located at 40 Brighton Rd, Sutton.

  • Where are Subsea 7 offices?

    Subsea 7 has offices in Sutton, Old Kilpatrick, Westhill, Wick and in 29 other locations.

  • How many offices does Subsea 7 have?

    Subsea 7 has 37 offices.