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Subsea 7 ( (GB:0OGK) ) has provided an announcement.
Subsea 7 has secured a sizeable contract, valued between USD 50 million and USD 150 million, to procure long lead items for a project in the Norwegian North Sea. Pre-execution project management and engineering work will begin immediately from its Stavanger office, underscoring the company’s strong, trust-based relationship with the operator and supporting a fast-track development approach that reinforces its role in high‑value offshore energy projects in a key regional market.
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 to the evolving energy industry, focusing on efficient offshore solutions and positioning itself as a partner and employer of choice. The company is listed on the Oslo Børs and serves clients primarily in the offshore oil, gas and broader energy sectors, aiming to create sustainable value as the market transitions.
Average Trading Volume: 307,111
Current Market Cap: NOK57.26B
For detailed information about 0OGK stock, go to TipRanks’ Stock Analysis page.