Subsea 7 S.A. announced the award of a large1 contract by Azule Energy in the framework of the Agogo Integrated West Hub Development Project, offshore Angola.

The contract scope includes the transport and installation of approximately 98 kilometres of flexible pipes, 30 kilometres of umbilicals and associated subsea structures in water depths of around 1,700m.

Project management and engineering have commenced and will be managed from Subsea7's offices in Angola, France, UK and Portugal. Fabrication will take place at the Sonamet yard in Lobito. Offshore operations are planned between Q4 2024 and Q4 2025.

Franck Louvety, Africa, Middle East & Caspian Vice President said: “We are pleased to have our first contract with Azule Energy and to continue supporting the development of the Angolan offshore energy industry. Subsea7 has been working for over 40 years in Angola and has an important track record in-country. We look forward to reinforcing our relationship with Azule and to delivering the project safely and as planned.”

(1) Subsea7 defines a large contract as being between USD 300 million and USD 500 million.

About Subsea7

Subsea7 (Oslo Børs: SUBC, ADR: SUBCY) is a global leader in the delivery of offshore projects and services for the evolving energy industry. We create 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.