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Subsea 7 ( (GB:0OGK) ) has issued an update.
Subsea7 has been awarded a contract by ConocoPhillips Skandinavia AS for a front-end engineering and design study for the Previously Produced Fields development project offshore Norway. This contract, part of a new Framework Agreement, positions Subsea7 to potentially secure a significant subsea structures contract if the project receives final investment approval, with installation activities planned from 2026 to 2029.
The most recent analyst rating on (GB:0OGK) stock is a Buy with a NOK270.00 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 for the energy industry, focusing on creating sustainable value through efficient offshore solutions. The company is listed on the Oslo Børs and is recognized as a partner and employer of choice in the industry.
YTD Price Performance: -4.07%
Average Trading Volume: 623,389
Current Market Cap: NOK49.16B
For an in-depth examination of 0OGK stock, go to TipRanks’ Stock Analysis page.