Subsea7 awarded contract extension offshore Türkiye
Luxembourg – 23 September 2026 – Subsea 7 S.A today announced the award by Turkish Petroleum Offshore Technology Center AS (TP-OTC) of a sizeable1 extension to its Sakarya Phase 3 contract offshore Türkiye, strengthening its contribution to the next phase of the landmark Black Sea gas development.
The additional scope covers towing and mooring line installation and connection activities related to the commissioning of the development’s floating production unit in 2028. Project management and engineering will be led from Subsea7's office in Istanbul, Türkiye, with work commencing immediately.
This award further reinforces Subsea7's long-standing presence in the region and its commitment to supporting the safe and efficient delivery of critical offshore energy infrastructure.
- Subsea7 defines a sizeable contract as being between $50 million and $150 million
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Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.
Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.
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Contact for investment community enquiries:
Katherine Tonks
Investor Relations Director
Tel +44 20 8210 5568
ir@subsea7.com
Contact for media enquiries:
Eugenie Sevriugina
Communication Manager
Tel +33 7 88 10 31 25
eugenie.sevriugina@subsea7.com
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This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 23 September 2026 at 17:15 CET.
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