{"success":true,"data":{"pressRelease":{"id":"15475","rtpr_id":"nGNE7TDBT9","ticker":"SUBC","exchange":"Oslo Børs","all_tickers":["SUBC"],"title":"REG-Subsea7 awarded contract offshore Angola","author":"Globe Newswire","published_at":"2026-04-30T15:24:55.045Z","article_body":"Luxembourg – 30 April 2026 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)\ntoday announced the award of a substantial¹ engineering, procurement,\nconstruction, and installation (EPCI) contract by ExxonMobil to Subsea\nIntegration Alliance (SIA) for a subsea tie-back associated with the\nRedevelopment 2.0 Likembe Project in Block 15, offshore Angola.\n\nProject management and engineering will be managed by Subsea7’s offices in\nParis, Luanda, Lisbon and Sutton. As part of Subsea Integration Alliance’s\nintegrated delivery model, SLB OneSubsea will execute the umbilical scope from\nits Center of Excellence in Moss, Norway, supported by project management and\nengineering teams based in Houston.\n\nDavid Bertin, Senior Vice President for Global Projects Centre East for\nSubsea7, said: “This project builds on our track record in West Africa,\nAustralia and the US. Together with ExxonMobil, we are committed to delivering\nthe project safely, efficiently and to the highest standards, while continuing\nto support the development of local capabilities in Angola.”\n\nOlivier Blaringhem, Subsea Integration Alliance Chief Executive Officer, said:\n“This award further strengthens our relationship with ExxonMobil. It\ndemonstrates how early collaboration through Subsea Integration Alliance\nenables an optimised development solution and underpins our integrated\ncommercial model.”\n1. Subsea7 defines a substantial contract as being between $150 million and\n$300 million\n*******************************************************************************\nSubsea7 is a global leader in the delivery of offshore projects and services\nfor the evolving energy industry, creating sustainable value by being the\nindustry’s partner and employer of choice in delivering the efficient\noffshore solutions the world needs.\n\nSubsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI\n222100AIF0CBCY80AH62.\n\n*******************************************************************************\n\nContact for investment community enquiries:\nKatherine Tonks\nInvestor Relations Director\nTel +44 20 8210 5568\nir@subsea7.com\n\nContact for media enquiries:\nHariom Cavalcante\nSenior Communications Advisor\nTel +33 7 66 12 48 80\nhariom.cavalcante@subsea7.com\nwww.subsea7.com\n\nForward-Looking Statements: This document may contain ‘forward-looking\nstatements’ (within the meaning of the safe harbour provisions of the U.S.\nPrivate Securities Litigation Reform Act of 1995). These statements relate to\nour current expectations, beliefs, intentions, assumptions or strategies\nregarding the future and are subject to known and unknown risks that could\ncause actual results, performance or events to differ materially from those\nexpressed or implied in these statements. Forward-looking statements may be\nidentified by the use of words such as ‘anticipate’, ‘believe’,\n‘estimate’, ‘expect’, ‘future’, ‘goal’, ‘intend’,\n‘likely’ ‘may’, ‘plan’, ‘project’, ‘seek’, ‘should’,\n‘strategy’ ‘will’, and similar expressions. The principal risks which\ncould affect future operations of the Group are described in the ‘Risk\nManagement’ section of the Group’s Annual Report and Consolidated\nFinancial Statements. Factors that may cause actual and future results and\ntrends to differ materially from our forward-looking statements include (but\nare not limited to): (i) our ability to deliver fixed price projects in\naccordance with client expectations and within the parameters of our bids, and\nto avoid cost overruns; (ii) our ability to collect receivables, negotiate\nvariation orders and collect the related revenue; (iii) our ability to recover\ncosts on significant projects; (iv) capital expenditure by oil and gas\ncompanies, which is affected by fluctuations in the price of, and demand for,\ncrude oil and natural gas; (v) unanticipated delays or cancellation of\nprojects included in our backlog; (vi) competition and price fluctuations in\nthe markets and businesses in which we operate; (vii) the loss of, or\ndeterioration in our relationship with, any significant clients; (viii) the\noutcome of legal proceedings or governmental inquiries; (ix) uncertainties\ninherent in operating internationally, including economic, political and\nsocial instability, boycotts or embargoes, labour unrest, changes in foreign\ngovernmental regulations, corruption and currency fluctuations; (x) the\neffects of a pandemic or epidemic or a natural disaster; (xi) liability to\nthird parties for the failure of our joint venture partners to fulfil their\nobligations; (xii) changes in, or our failure to comply with, applicable laws\nand regulations (including regulatory measures addressing climate change);\n(xiii) operating hazards, including spills, environmental damage, personal or\nproperty damage and business interruptions caused by adverse weather; (xiv)\nequipment or mechanical failures, which could increase costs, impair revenue\nand result in penalties for failure to meet project completion requirements;\n(xv) the timely delivery of vessels on order and the timely completion of ship\nconversion programmes; (xvi) our ability to keep pace with technological\nchanges and the impact of potential information technology, cyber security or\ndata security breaches; (xvii) global availability at scale and commercially\nviability of suitable alternative vessel fuels; and (xviii) the effectiveness\nof our disclosure controls and procedures and internal control over financial\nreporting. Many of these factors are beyond our ability to control or predict.\nGiven these uncertainties, you should not place undue reliance on the\nforward-looking statements. Each forward-looking statement speaks only as of\nthe date of this document. We undertake no obligation to update publicly or\nrevise any forward-looking statements, whether as a result of new information,\nfuture events or otherwise.\nThis information is considered to be inside information pursuant to the EU\nMarket Abuse Regulation and is subject to the disclosure requirements pursuant\nto Section 5-12 the Norwegian Securities Trading Act. \nThis stock exchange release was published by Katherine Tonks, Investor\nRelations, Subsea7, on 30 april 2026 at 17:30 CEST.\n\nAttachment\n*     SUBC AB15\n(https://ml-eu.globenewswire.com/Resource/Download/9c243a68-d420-4a9b-8745-f3d9f8523fa4)","article_body_html":"","raw_payload":{"data":{"id":"nGNE7TDBT9","title":"REG-Subsea7 awarded contract offshore Angola","author":"Globe Newswire","ticker":"SUBC","created":"2026-04-30T15:24:55.045Z","tickers":["SUBC"],"exchange":"Oslo Børs","article_body":"Luxembourg – 30 April 2026 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY)\ntoday announced the award of a substantial¹ engineering, procurement,\nconstruction, and installation (EPCI) contract by ExxonMobil to Subsea\nIntegration Alliance (SIA) for a subsea tie-back associated with the\nRedevelopment 2.0 Likembe Project in Block 15, offshore Angola.\n\nProject management and engineering will be managed by Subsea7’s offices in\nParis, Luanda, Lisbon and Sutton. As part of Subsea Integration Alliance’s\nintegrated delivery model, SLB OneSubsea will execute the umbilical scope from\nits Center of Excellence in Moss, Norway, supported by project management and\nengineering teams based in Houston.\n\nDavid Bertin, Senior Vice President for Global Projects Centre East for\nSubsea7, said: “This project builds on our track record in West Africa,\nAustralia and the US. Together with ExxonMobil, we are committed to delivering\nthe project safely, efficiently and to the highest standards, while continuing\nto support the development of local capabilities in Angola.”\n\nOlivier Blaringhem, Subsea Integration Alliance Chief Executive Officer, said:\n“This award further strengthens our relationship with ExxonMobil. It\ndemonstrates how early collaboration through Subsea Integration Alliance\nenables an optimised development solution and underpins our integrated\ncommercial model.”\n1. Subsea7 defines a substantial contract as being between $150 million and\n$300 million\n*******************************************************************************\nSubsea7 is a global leader in the delivery of offshore projects and services\nfor the evolving energy industry, creating sustainable value by being the\nindustry’s partner and employer of choice in delivering the efficient\noffshore solutions the world needs.\n\nSubsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI\n222100AIF0CBCY80AH62.\n\n*******************************************************************************\n\nContact for investment community enquiries:\nKatherine Tonks\nInvestor Relations Director\nTel +44 20 8210 5568\nir@subsea7.com\n\nContact for media enquiries:\nHariom Cavalcante\nSenior Communications Advisor\nTel +33 7 66 12 48 80\nhariom.cavalcante@subsea7.com\nwww.subsea7.com\n\nForward-Looking Statements: This document may contain ‘forward-looking\nstatements’ (within the meaning of the safe harbour provisions of the U.S.\nPrivate Securities Litigation Reform Act of 1995). These statements relate to\nour current expectations, beliefs, intentions, assumptions or strategies\nregarding the future and are subject to known and unknown risks that could\ncause actual results, performance or events to differ materially from those\nexpressed or implied in these statements. Forward-looking statements may be\nidentified by the use of words such as ‘anticipate’, ‘believe’,\n‘estimate’, ‘expect’, ‘future’, ‘goal’, ‘intend’,\n‘likely’ ‘may’, ‘plan’, ‘project’, ‘seek’, ‘should’,\n‘strategy’ ‘will’, and similar expressions. The principal risks which\ncould affect future operations of the Group are described in the ‘Risk\nManagement’ section of the Group’s Annual Report and Consolidated\nFinancial Statements. Factors that may cause actual and future results and\ntrends to differ materially from our forward-looking statements include (but\nare not limited to): (i) our ability to deliver fixed price projects in\naccordance with client expectations and within the parameters of our bids, and\nto avoid cost overruns; (ii) our ability to collect receivables, negotiate\nvariation orders and collect the related revenue; (iii) our ability to recover\ncosts on significant projects; (iv) capital expenditure by oil and gas\ncompanies, which is affected by fluctuations in the price of, and demand for,\ncrude oil and natural gas; (v) unanticipated delays or cancellation of\nprojects included in our backlog; (vi) competition and price fluctuations in\nthe markets and businesses in which we operate; (vii) the loss of, or\ndeterioration in our relationship with, any significant clients; (viii) the\noutcome of legal proceedings or governmental inquiries; (ix) uncertainties\ninherent in operating internationally, including economic, political and\nsocial instability, boycotts or embargoes, labour unrest, changes in foreign\ngovernmental regulations, corruption and currency fluctuations; (x) the\neffects of a pandemic or epidemic or a natural disaster; (xi) liability to\nthird parties for the failure of our joint venture partners to fulfil their\nobligations; (xii) changes in, or our failure to comply with, applicable laws\nand regulations (including regulatory measures addressing climate change);\n(xiii) operating hazards, including spills, environmental damage, personal or\nproperty damage and business interruptions caused by adverse weather; (xiv)\nequipment or mechanical failures, which could increase costs, impair revenue\nand result in penalties for failure to meet project completion requirements;\n(xv) the timely delivery of vessels on order and the timely completion of ship\nconversion programmes; (xvi) our ability to keep pace with technological\nchanges and the impact of potential information technology, cyber security or\ndata security breaches; (xvii) global availability at scale and commercially\nviability of suitable alternative vessel fuels; and (xviii) the effectiveness\nof our disclosure controls and procedures and internal control over financial\nreporting. Many of these factors are beyond our ability to control or predict.\nGiven these uncertainties, you should not place undue reliance on the\nforward-looking statements. Each forward-looking statement speaks only as of\nthe date of this document. We undertake no obligation to update publicly or\nrevise any forward-looking statements, whether as a result of new information,\nfuture events or otherwise.\nThis information is considered to be inside information pursuant to the EU\nMarket Abuse Regulation and is subject to the disclosure requirements pursuant\nto Section 5-12 the Norwegian Securities Trading Act. \nThis stock exchange release was published by Katherine Tonks, Investor\nRelations, Subsea7, on 30 april 2026 at 17:30 CEST.\n\nAttachment\n*     SUBC AB15\n(https://ml-eu.globenewswire.com/Resource/Download/9c243a68-d420-4a9b-8745-f3d9f8523fa4)"},"type":"article","timestamp":"2026-04-30T15:24:55.140649202Z","server_sent_at_ms":1777562695140},"received_at":"2026-04-30T15:24:55.575Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}