Oslo-listed Subsea 7 has set its sights on securing work on seven subsea projects, each worth more than $750 million, in 2023.

The company, like many other offshore contractors, experienced a major increase in orders in the final quarter of 2022 and believes this uptick in activity will continue this year.

Chief executive John Evans told analysts today that “tendering remains very active, and we are very optimistic that 2023 will be another good year for order intake.