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Subsea 7 ( (GB:0OGK) ) has issued an update.
Subsea 7’s renewables-focused unit Seaway7 has secured a substantial contract, valued by the company’s definition at between $150 million and $300 million, from OWP Gennaker of Skyborn Renewables for work on the Gennaker offshore wind farm in Germany. The award covers the transportation and installation of 63 monopiles and transition pieces, with offshore operations scheduled to begin in 2027, reinforcing Seaway7’s already strong presence in the German offshore wind market and underlining Subsea 7’s strategic positioning in large-scale clean energy infrastructure as demand for offshore wind capacity accelerates.
The most recent analyst rating on (GB:0OGK) stock is a Hold with a NOK230.00 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
Subsea7 is a global leader in delivering offshore projects and services to the evolving energy industry, focusing on efficient offshore solutions that support the transition to cleaner energy. Listed on the Oslo Børs, the group operates through business units including Seaway7, which specialises in offshore wind installation and associated marine services.
Average Trading Volume: 309,737
Current Market Cap: NOK69.92B
Learn more about 0OGK stock on TipRanks’ Stock Analysis page.