Luxembourg  - 24 February  2023 - Subsea  7 S.A. (Oslo  Børs: SUBC,  ADR: SUBCY)
today  announced a sizeable(1)  award by Petrobras  for a pipelay support vessel
(PLSV)  offshore Brazil.  The agreement  extends an  existing contract for Seven
Cruzeiro from February until November 2023.

Daniel        Hiller,       Vice-President       Brazil,       said:       "This
extension reflects our track record of  delivering successful PLSV activities in
Brazil, achieving high standards of safety and a strong operational performance.
We look forward to continuing our successful relationship with Petrobras."

((1) )Subsea7 defines a sizeable contract as being between USD 50 million and
USD 150 million.

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Subsea7  creates sustainable value by  delivering the offshore energy transition
solutions the world needs.

Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI
222100AIF0CBCY80AH62.

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Contact for investment community enquiries:
Katherine Tonks
Investor Relations Director
Tel +44 20 8210 5568
ir@subsea7.com

Forward-Looking  Statements:  This  announcement  may  contain  'forward-looking
statements'  (within  the  meaning  of  the  safe harbour provisions of the U.S.
Private  Securities Litigation Reform  Act of 1995). These  statements relate to
our   current  expectations,  beliefs,  intentions,  assumptions  or  strategies
regarding the future and are subject to known and unknown risks that could cause
actual  results, performance or events to differ materially from those expressed
or  implied in these statements. Forward-looking statements may be identified by
the  use  of  words  such  as  'anticipate',  'believe',  'estimate',  'expect',
'future', 'goal', 'intend', 'likely' 'may', 'plan', 'project', 'seek', 'should',
'strategy'  'will',  and  similar  expressions.  The principal risks which could
affect  future operations  of the  Group are  described in the 'Risk Management'
section  of the Group's Annual Report  and Consolidated Financial Statements for
the  year  ended  31 December  2021. Factors  that  may  cause actual and future
results  and  trends  to  differ  materially from our forward-looking statements
include  (but  are  not  limited  to):  (i)  our  ability to deliver fixed price
projects in accordance with client expectations and within the parameters of our
bids,  and  to  avoid  cost  overruns