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Seaway7 awarded offshore wind contract

Seaway 7 ASA (Euronext Growth: SEAW7), part of the Subsea7 Group, today announced that it has been awarded a large(1) contract for an undisclosed offshore wind farm project.

The scope includes the transport and installation of inner-array and export power cables and
respective cable protection systems. Operations on the project are expected to commence in 2023
and continue through 2024 and 2025.

The contract is subject to final investment decision by the client.
(1) Seaway7 defines a large contract as being between USD 300 million and USD 500 million

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