Subsea7 awarded offshore contract for Sépia 2 in Brazil

Luxembourg – 9 April 2026 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a supermajor contract 1 by Petrobras, following a competitive tender, for the development of the Sépia 2 field located approximately 280 kilometres southeast of Rio de Janeiro, Brazil, at a water depth of 2,170 metres in the pre-salt Santos Basin. Sépia 2 is one of the largest pre‑salt expansion phases, playing a central role in Brazil's energy development.