Subsea 7

Subsea 7

Infobox Company
company_name = Subsea 7 Inc
company_
company_type = Public
foundation = 2002
location = George Town, Cayman Islands
key_people = Kristian Siem (Chairman of the board), Mel Fitzgerald (CEO)
area_served =
industry = Offshore engineering
products =
revenue = US $2.187 billion (2007)cite web |url=http://www.subsea7.com/cms/files/AnnualReport2007.pdf |title=Annual Report 2007 |publisher=Subsea 7 |accessdate=2008-05-28]
operating_income = profit US $316 million (2007)
net_income = profit US $214 million (2007)
num_employees = 3,920 (2007)
homepage = [http://www.subsea7.com www.subsea7.com] [http://www.interventiontechnology.com www.interventiontechnology.com]
intl = yes

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.

References


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