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Subsea 7 ( (GB:0OGK) ) has issued an update.
Subsea7 has secured a sizeable extension, valued between USD 50 million and USD 150 million, to its existing frame agreement with Equinor for subsea inspection, maintenance and repair services using the vessel Seven Viking. The contract now runs to the end of 2027 and covers IMR work at Equinor’s oil and gas wells across the Norwegian Continental Shelf, with project management and engineering continuing from Subsea7’s Stavanger office, underscoring the company’s strong relationship with a key client and reinforcing its position in the Norwegian offshore services 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
Subsea7 is a global leader in delivering offshore projects and services to the evolving energy industry, with a core focus on providing efficient offshore solutions for oil, gas and renewable energy developments. The company positions itself as a long-term partner and employer of choice, and its shares are listed on the Oslo Børs under the ticker SUBC.
Average Trading Volume: 307,111
Current Market Cap: NOK57.26B
For an in-depth examination of 0OGK stock, go to TipRanks’ Overview page.