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The latest announcement is out from Subsea 7 ( (GB:0OGK) ).
Subsea 7 has secured a sizeable contract, valued in the $50 million to $150 million range, from LLOG Exploration Offshore for the Buckskin South Expansion project in the US Gulf of Mexico, around 305 kilometres off the Texas coast. The award covers the transportation and installation of a subsea umbilical and rigid flowline in water depths of up to 2,100 metres, with engineering work starting immediately from the company’s Houston office and offshore execution planned for 2026 and 2027. The deal underlines Subsea 7’s strong position in the Gulf of Mexico subsea market and extends its relationship with LLOG, following collaboration on projects such as the Salamanca development, reinforcing the company’s backlog and deepwater credentials in a key offshore basin.
The most recent analyst rating on (GB:0OGK) stock is a Buy with a NOK355.00 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 for the evolving energy industry, focusing on efficient subsea engineering, construction and installation solutions that support oil, gas and emerging energy developments worldwide. Listed on the Oslo Børs, the company positions itself as a key partner to major operators seeking technologically advanced, deepwater offshore infrastructure.
Average Trading Volume: 331,505
Current Market Cap: NOK58.83B
Learn more about 0OGK stock on TipRanks’ Stock Analysis page.