Subsea 7 SA
SUBC: XOSL (NOR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
NOK 966.00 | Lrbd | Rvgzfhgdn |
Subsea 7: Backlog Exceeds 2013 Levels as Offshore Contracting Drives Record Order Intake
Business Strategy and Outlook
Subsea 7 specializes in offshore engineering and construction. The firm handles the majority of operations for offshore oil and gas projects, from design to fabrication and installation to maintenance. It’s one of a few firms with the requisite capacity and technological capability to execute the notoriously complex offshore projects.