Subsea7, a premier subsea engineering and construction firm, witnessed an upsurge in contract awards during late 2025 that increased its order backlog across key maritime regions. These deals ranged from significant (USD 50-150 million) to substantial (USD 300-500 million), underlining Subsea7s strong position within offshore energy developments as well as decommissioning activities.
Pre-Commitment Award for Norwegian North Sea Project
Subsea7 announced a significant contract for pre-commitment procurement of long lead items for a project in the Norwegian North Sea. Pre-execution project management and engineering work immediately started at their Stavanger office.
Erik Femsteinevik, Vice President Subsea7 Norway, underlined the significance of these awards: This early commitment to long lead items demonstrates our strong, trust-based relationship with operators as it facilitates early engagement and rapid development.
Decommissioning Contract Offshore UK from Ithaca Energy.
Subsea7 recently won an extensive contract from Ithaca Energy for off-station decommissioning services at Alba Floating Storage Unit and Greater Stella field FPF-1 production facility located 230 kilometers east of Aberdeen. Services will include flushing subsea pipelines, diver support vessel services and seabed clearance.
Subsea7s Aberdeen office will handle project management and engineering, with offshore activities set for Q2 2026. Hani El Kurd, Senior Vice President for UK and Global Inspection Repair Maintenance of Subsea7 said "This award offers us the perfect chance to demonstrate our decades-long full-field decommissioning expertise".
Subsea7 and Ithaca Energy have had an ongoing partnership dating back to 2008, underscoring Subsea7s ability in providing complex yet safe solutions.
Buckskin South Expansion Project Offshore US.
LLOG Exploration Offshore L.L.C has awarded Subsea7 a sizable contract to support their Buckskin South Expansion project located 305 kilometers off Texas in waters as deep as 2,100 metres, which includes transport and installation of subsea umbilicals and rigid flowlines.
Subsea7 Gulf of Mexico Senior Vice President Craig Broussard expressed their pleasure at continuing working alongside LLOG and building on successes like Salamanca project which recently achieved first oil.
ConocoPhillips Awarded Major EPCI Contract
ConocoPhillips Skandinavia AS awarded Subsea7 with a substantial contract for their PPFs in Greater Ekofisk Area, located 290 kilometres southwest of Stavanger in Norway. This work covers engineering procurement construction and installation (EPCI) of subsea structures such as umbilicals risers and flowlines (SURF).
Following an award of a front-end engineering and design (FEED) contract on 19 May 2025, engineering and management activities immediately started in Norway, followed by main offshore campaigns between 2027-2028. The project integrates into Ekofisk Complex operations while it awaits Plan for Development and Operations (PDO) approval.
Erik Femsteinevik noted, "This award reaffirms our strong partnership with ConocoPhillips. Our FEED study ensured optimal design solutions and contributed towards their final investment decision."
Equinor Extends IMR Frame Agreement to Seven Viking Ships
Equinor has extended their frame agreement with Subsea7 by an unprecedented value, to include subsea inspection, maintenance, and repair (IMR) services using Seven Viking from 2018-2027 across Norway's Continental Shelf.
Seven Viking will provide support services to Equinor's oil and gas wells from Stavanger. Femsteinevik noted, We appreciate that Equinor exercised their option to extend and look forward to supporting safe and efficient operations.
Regulation Scrutiny on Saipem-Subsea7 Brazil Contract
Brazilian Competition Authorities issued new queries to rivals and customers of Saipem and Subsea7 regarding a contract announced on 31 December 2025, signalling their continued review in the region's subsea market.
These awards, announced between 19 and 23 December 2025 according to Subsea7s regulatory news, illustrate strong demand for subsea expertise amid energy transition efforts and field life extension strategies.