Subsea7 announces that Seaway7, part of the Subsea7 Group, has signed a vessel reservation agreement with Dogger Bank Offshore Wind Farm for the transportation and installation of turbines for the Dogger Bank project, offshore the UK. Offshore works are expected to commence in 2026.
This represents additional work for Seaway7 at this development, where it is currently installing monopile foundations and transition pieces.
The value related to this substantial agreement will be recognized in backlog in the fourth quarter.
- Dogger Bank Offshore Wind Farm is a joint venture partnership between SSE Renewables (40%), Equinor (40%) and Vårgrønn (20%).
- Subsea7 defines a substantial contract as being between $150 million and $300 million.
