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Subsea 7 revenue decreased from $3.7 billion in 2019 to $3.5 billion in 2020, a (5.2%) decrease.

Annual Revenue ($)

Subsea 7 revenue was $3.47 b in FY, 2020 which is a (5.2%) year over year decrease from the previous period.

Quarterly Revenue ($)

FY, 2018FY, 2019FY, 2020
Revenue$4.07 b$3.66 b$3.47 b
Growth(10.24%)(5.20%)
Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021
Revenue$859.2 m$957.9 m$950.6 m$750.6 m$754 m$947.4 m$996.4 m$1.2 b

Annual Growth Rate (%)

Revenue Breakdown

Business Segment

Geographic Segment

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

FY, 2018FY, 2019FY, 2020
Renewables and Heavy Lifting $664.3 m$216.9 m$631.4 m
Life of Field$245.2 m$265.6 m$256.6 m
SURF and Conventional$3.16 b$3.17 b$2.58 b
FY, 2018FY, 2019FY, 2020
Norway$467.1 m$590.6 m$490.2 m
United States of America$289.2 m$552 m$520.3 m
Azerbaijan$46.9 m$58.3 m$66.4 m
Other Countries$17.9 m$153.1 m$19.9 m
Qatar$4.4 m$15.6 m
Nigeria$160.9 m$320.4 m$16 m
Senegal$400 k$26 m
Germany$59.8 m$42.5 m$30.6 m
Mexico$46.8 m$33.5 m$52.4 m
Angola$40.3 m$47 m$58 m
United Kingdom$1.47 b$1.04 b$1.29 b
Ghana$33 m$46.2 m$70.7 m
Singapore$255 m$141.4 m$92.9 m
Saudi Arabia$286.6 m$167 m$101.6 m
Taiwan$33.4 m$126.7 m
Australia$136 m$139.5 m$133.5 m
Netherlands$100 m$166.4 m
Brazil$205.8 m$190 m$186.5 m
Cyprus$216.4 m
Egypt$341.5 m

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