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Subsea 7 S.A.

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Subsea7 has secured a substantial offshore engineering and installation contract for Aker BP's Lyra development, which is planned to connect to existing North Sea infrastructure ahead of first oil in 2028.
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Subsea7 (SUBC) wins $150m-$300m Aker BP contract for Norway’s fast-track Lyra oil development

Subsea7 has secured a substantial engineering and installation contract for Aker BP's Lyra field development in the Norwegian North Sea, with a disclosed value band of $150 million to $300 million. The award uses existing offshore infrastructure to accelerate production, while Subsea7's profitability, vessel utilisation and pending combination with Saipem remain important considerations.