Trade Subsea 7 Shs - SUBC CFD

Subsea Company profile

About Subsea 7 SA

Subsea 7 S.A. is a provider of seabed-to-surface engineering, construction and services contractor to the offshore energy industry. The Company's segments include SURF and Conventional, i-Tech Services and Corporate. The SURF and Conventional segment includes Subsea Umbilicals, Risers and Flowlines (SURF) activities related to the engineering, procurement, construction (EPC) and installation of systems offshore, including the long-term Pipelay Support Vessel (PLSV) contracts in Brazil, and conventional services, including the fabrication, installation, extension and refurbishment of fixed and floating platforms and associated pipelines in shallow water environments. The i-Tech Services segment includes activities associated with the provision of Inspection, Maintenance and Repair (IMR) services, integrity management of subsea infrastructure and remote intervention support. The Corporate segment includes activities associated with the provision of renewables and heavy lifting services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Subsea 7 SA revenues increased 45% to $5.01B. Net income totaled $31.8M vs. loss of $1.09B. Revenues reflect SURF and Conventional segment increase of 43% to $3.67B, Renewables and Heavy Lifting segment increase of 99% to $1.26B, United Kingdom segment increase of 30% to $1.68B, Brazil segment increase from $186.5M to $400.4M, Saudi Arabia segment increase from $101.6M to $290.8M.

Equity composition

4/2006, Company name changed from Stolt Offshore S.A. 6/98, 3-for-2 Stock split. 1/98, 2-for-1 Stock split. 5/00, name changed from Stolt Comex Seaway S.A.