Subsea 7 Secures $150M–$300M Norwegian Gas Export Pipeline Deal
Event summary
- Subsea 7 wins $150M–$300M EPCI contract for Goliat Gas Export Project in Norway's Barents Sea.
- Project includes 12.7km 10-inch pipeline and subsea infrastructure for gas export to Hammerfest LNG.
- Work begins immediately in Stavanger, with offshore operations scheduled for 2027–2028.
- First contract under Subsea 7's March 2026 strategic partnership with Vår Energi and OneSubsea.
The big picture
This contract reinforces Subsea 7's position in Norway's offshore energy sector, where gas export infrastructure is critical for connecting aging fields to processing facilities. The deal comes as European energy security remains a priority, with Norway serving as a key supplier. The partnership structure suggests Subsea 7 is prioritizing long-term client relationships over one-off project wins.
What we're watching
- Partnership Execution
- Whether Subsea 7 can deliver predictable results under its new strategic partnership model.
- Norwegian Energy Demand
- How gas export volumes will affect Subsea 7's backlog and revenue visibility.
- Offshore Timelines
- The pace at which Subsea 7 can complete projects amid potential weather and operational delays.
Related topics