We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Subsea7 Secures a New Contract for Shell's Kaikias Waterflood Project
Read MoreHide Full Article
Key Takeaways
SUBCY secured a contract to transport and install subsea umbilical, riser and rigid flowline at Kaikias.
SUBCY said the deal is sizeable at $50-$150M, with infrastructure installed in depths up to 1,650 meters.
Project management and engineering start immediately, with offshore work planned to begin in 2027.
Subsea7 S.A. (SUBCY - Free Report) has been awarded a contract by Shell plc (SHEL - Free Report) for its Kaikias Waterflood project in the Gulf of America. Per the terms of the contract, Subsea7 will be responsible for the transportation and installation of subsea equipment, including a subsea umbilical, riser and a rigid flowline for the Kaikias Waterflood project. The subsea infrastructure will be installed at water depths of up to 1,650 meters.
Subsea7 mentioned that the contract was a ‘sizeable’ one, which implies that its value lies between $50 million and $150 million. The project management and engineering tasks will be carried out from the company’s office in Houston, TX, starting immediately. The offshore activities are slated to begin in 2027.
SUBCY has stated that the contract award further enhances its long-standing relationship with Shell. The company looks forward to applying its extensive deepwater experience and knowledge toward developing the Kaikias project, enabling its client to optimize long-term value from the field.
Shell had taken a final investment decision on the waterflood project at the Kaikias field in December 2025. The project is aimed at increasing recoverable resources in the field by injecting water into the reservoir. The injected water sweeps the displaced oil toward adjacent production wells, aiding the extraction of these reserves.
Oceaneering International delivers integrated technology solutions across all stages of the offshore oilfield lifecycle. The company is a leading provider of offshore equipment and technology solutions to the energy industry. OII’s proven ability to deliver innovative, integrated solutions supports ongoing client retention and new business opportunities, ensuring steady revenue growth.
Archrock is an energy infrastructure company based in the United States with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues. With natural gas playing an increasingly important role in the energy transition journey, AROC is expected to witness sustained demand for its services.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Subsea7 Secures a New Contract for Shell's Kaikias Waterflood Project
Key Takeaways
Subsea7 S.A. (SUBCY - Free Report) has been awarded a contract by Shell plc (SHEL - Free Report) for its Kaikias Waterflood project in the Gulf of America. Per the terms of the contract, Subsea7 will be responsible for the transportation and installation of subsea equipment, including a subsea umbilical, riser and a rigid flowline for the Kaikias Waterflood project. The subsea infrastructure will be installed at water depths of up to 1,650 meters.
Subsea7 mentioned that the contract was a ‘sizeable’ one, which implies that its value lies between $50 million and $150 million. The project management and engineering tasks will be carried out from the company’s office in Houston, TX, starting immediately. The offshore activities are slated to begin in 2027.
SUBCY has stated that the contract award further enhances its long-standing relationship with Shell. The company looks forward to applying its extensive deepwater experience and knowledge toward developing the Kaikias project, enabling its client to optimize long-term value from the field.
Shell had taken a final investment decision on the waterflood project at the Kaikias field in December 2025. The project is aimed at increasing recoverable resources in the field by injecting water into the reservoir. The injected water sweeps the displaced oil toward adjacent production wells, aiding the extraction of these reserves.
SUBCY’s Zacks Rank and Other Key Picks
SUBCY currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks from the energy sector are Oceaneering International (OII - Free Report) and Archrock Inc. (AROC - Free Report) , each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Oceaneering International delivers integrated technology solutions across all stages of the offshore oilfield lifecycle. The company is a leading provider of offshore equipment and technology solutions to the energy industry. OII’s proven ability to deliver innovative, integrated solutions supports ongoing client retention and new business opportunities, ensuring steady revenue growth.
Archrock is an energy infrastructure company based in the United States with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues. With natural gas playing an increasingly important role in the energy transition journey, AROC is expected to witness sustained demand for its services.