TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Subsea 7 ( (GB:0OGK) ) has shared an update.
Subsea 7 announced a major project award under a long-term agreement with Aramco for offshore facilities in Saudi Arabia. The contract involves engineering, procurement, construction, and installation of pipelines and topside modifications, with project management and engineering commencing immediately in Saudi Arabia and the UAE, and offshore activities planned for 2027 and 2028. This project strengthens Subsea 7’s strategic relationship with Aramco and is valued between $750 million and $1.25 billion, highlighting the company’s significant role in the offshore energy sector.
The most recent analyst rating on (GB:0OGK) stock is a Buy with a NOK240.00 price target. To see the full list of analyst forecasts on Subsea 7 stock, see the GB:0OGK Stock Forecast page.
More about Subsea 7
Subsea 7 is a global leader in delivering offshore projects and services within the evolving energy industry. The company focuses on creating sustainable value by partnering with clients to provide efficient offshore solutions, and it is listed on the Oslo Børs.
YTD Price Performance: 16.36%
Average Trading Volume: 355,968
Current Market Cap: NOK59.63B
For a thorough assessment of 0OGK stock, go to TipRanks’ Stock Analysis page.