Subsea 7

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Subsea 7 Inc

Type	Public
Founded	2002
Headquarters	George Town, Cayman Islands
Key people	Kristian Siem (Chairman of the board), Mel Fitzgerald (CEO)
Industry	Offshore engineering
Revenue	US $2.187 billion (2007)^[1]
Operating income	▲ US $316 million (2007)^[1]
Profit	▲ US $214 million (2007)^[1]
Employees	3,920 (2007)^[1]
Website	www.subsea7.com www.interventiontechnology.com

Subsea 7 (OSE: SUB) is one of the world's leading subsea engineering and construction companies. Subsea 7 has its 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 (the name of this division is i-Tech); Inspection, Repair and Maintenance; Survey and Positioning (the name of this division is Veripos); 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.