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Profile: Subsea 7 SA (SUBCY.PK)

SUBCY.PK on OTC Markets Group

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Subsea 7 S.A., incorporated on March 17, 1993, is a provider of seabed-to-surface engineering, construction and offshore installation services to the energy industry. The Company's operating segments include Northern Hemisphere and Life of Field, Southern Hemisphere and Global Projects, and Corporate. The Company provides products and services for subsea field development, including project management, design and engineering, procurement, fabrication, survey, installation and commissioning of production facilities on the seabed and the tie-back of these facilities to fixed or floating platforms or to the shore. The Company also offers products and capabilities to deliver Life of Field services to its clients. Through its i-Tech division, the Company provides remotely operated vehicles (ROVs) and tooling services to support exploration and production activities. The Company's subsidiaries include Acergy (Gibraltar) Limited, Acergy Concrete Products LLC, Class 3 (UK) Limited, Class 3 Shipping Limited, Engineering Subsea Solutions Limited, Jarius Investments Limited, SCS Shipping Corporation, SO Marine Inc., Subsea 7 Angola SAS, Subsea 7 Crewing Limited, Subsea 7 Interim UK Holdings Limited, Subsea 7 i-Tech US Inc., Subsea 7 Nigeria Limited and Tartaruga Insurance Limited.

Northern Hemisphere and Life of Field

The Northern Hemisphere and Life of Field segment includes activities in the United Kingdom, Canada, Norway and the Gulf of Mexico together with the i-Tech division and Life of Field business line. It also includes spoolbases in Vigra, Norway and Leith, Scotland, and a fabrication yard in Wick, Scotland. This segment also includes the Normand Oceanic and Eidesvik Seven joint ventures.

Southern Hemisphere and Global Projects

The Southern Hemisphere and Global Projects segment includes activities in Africa, Asia Pacific and the Middle East, Brazil and activities related to the performance of global projects managed within the Global Projects Centre in London and Paris. It also includes fabrication yards in Takoradi, Ghana; Warri, Nigeria; Port Gentil, Gabon, and Lobito, Angola. This segment also includes the SapuraAcergy and Subsea 7 Malaysia joint ventures.

Corporate segment

The Corporate segment includes all activities that serve over one Territory and includes management of offshore resources; captive insurance activities, and management and corporate services. It also includes the results of the Seaway Heavy Lifting (SHL) joint venture. SHL offers services, including the installation of offshore wind turbines, structures and substations on an engineering, procurement, installation and commissioning (EPIC) basis; the transport and installation of offshore oil and gas structures, and the decommissioning of redundant offshore structures.

Company Address

Subsea 7 SA

200 Hammersmith Road
LONDON     W6 7DL
P: +4420.82105500
F: +4420.82105501

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