Subsea 7
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| Subsea 7 Inc | |
 |
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| Type of co. | Public |
|---|---|
| Founded | |
| Headquarters | George Town, Cayman Islands |
| Industry | Offshore engineering |
| Revenue |  USD 1,287 million (2005) |
| Operating income | USD 166 million (2005) |
| Net income | USD 45 million (2005) |
| Employees | 4000 (2006) |
| Website | www.subsea7.com |
Subsea 7 (OSE: SUB) is a Norwegian subsea engineering and construction company. Subsea 7 has it's headquarters in George Town on the Cayman Islands. The largest owner is Siem Industries with 39%. The company is listed on Oslo Stock Exchange.
The company has five main divisions: Subsea field development; ROV support to Drill Rig Operations; Inspection, Repair and Maintenance; Survey and Positioning; and Development and Application of Subsea Technology. 45% of the revenue is generated in the North Sea while West Africa allocates 28% of the revenue. Other important areas are Brazil (11%), Asia Pacific (8%) and Gulf of Mexico (7%).
Subsea 7 is the result of mergers between DSND, Halliburton Subsea, Subsea Offshore and Rockwater. The company was listed on Oslo Stock Exchange in August 2005.
Acergy • Aker Kværner • DnB NOR • DNO • FAST Search & Transfer • Fred. Olsen Energy • Frontline • Norske Skog • Norsk Hydro • Orkla •
Pan Fish • Petroleum Geo-Services • Prosafe • SeaDrill • Royal Caribbean Cruise Lines • Statoil • Stolt-Nielsen • Storebrand • Subsea 7 •
Tandberg • Tandberg Television • Telenor • TGS-NOPEC • Tomra • Yara
See also: Companies listed on the Oslo Stock Exchange
