Luxembourg – 27 August 2025 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a major1 contract by Turkish Petroleum Offshore Technology Center (TP-OTC). The project was awarded for the development of phase 3 of the Sakarya field development in the Black Sea, offshore Türkiye.
Related Questions
What is the expected financial impact of the Sakarya Phase 3 contract on Subsea 7’s revenue and earnings forecasts?
How will the contract affect Subsea 7’s market position relative to competitors in the offshore services sector, particularly in the Black Sea region?
What potential geopolitical or operational risks associated with the Turkish offshore market could influence the project’s timeline and profitability?