Subsea 7 Secures Major Contract Worth Up to $1.25 Billion with Aramco

Subsea 7 has announced a significant contract with Saudi Aramco, marking a major milestone for the company in the pipeline construction sector. This contract involves the design, procurement, and construction of 106 kilometers of both production and export pipelines, along with modifications to existing facilities. The total estimated value of the contract ranges between $750 million and $1.25 billion, equivalent to approximately 7 billion to 11.6 billion Swedish kronor.

Engineering efforts are set to commence immediately at Subsea 7's offices in Saudi Arabia and the United Arab Emirates, while the main offshore operations are scheduled for 2027 to 2028. This project is categorized by Subsea 7 as a 'major project', reflecting its scale and complexity, which includes extensive planning, procurement, and installation work.

The announcement has positively influenced Subsea 7's stock performance, which has risen nearly 12% in 2025 alone, contributing to a remarkable increase of over 125% over the past three years. This contract is expected to further bolster the company's market position and financial health, underlining the growing demand for energy infrastructure in the region.

This deal is particularly noteworthy as global investment in energy projects continues to surge, with Aramco's initiatives aligning with the broader trends in the oil and gas sector. Analysts predict that this contract will not only enhance Subsea 7's portfolio but also play a pivotal role in the energy transition processes being adopted by companies worldwide.

With operations set to expand significantly over the next few years, Subsea 7 aims to leverage its engineering and construction expertise to meet the demands of such large-scale projects, thereby ensuring robust growth and sustainability in the evolving energy landscape.