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An update from Subsea 7 ( (GB:0OGK) ) is now available.
Subsea7 has secured a substantial contract from Chevron Australia for the Gorgon Stage 3 Project, which involves subsea installation work offshore Australia. This contract, valued between $150 million and $300 million, signifies a significant milestone for Subsea7, reinforcing its strategic partnership with Chevron and enhancing its market position in the offshore energy sector. The project will commence immediately with operations expected in 2028, highlighting Subsea7’s commitment to safety, quality, and collaboration.
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
Subsea7 is a global leader in delivering offshore projects and services for the energy industry, focusing on creating sustainable value by providing efficient offshore solutions. The company is listed on the Oslo Børs and aims to be the industry’s partner and employer of choice.
Average Trading Volume: 316,268
Current Market Cap: NOK58.12B
See more data about 0OGK stock on TipRanks’ Stock Analysis page.