Subsea 7 Inc and Acergy successfully completed their merger to form Subsea 7 SA on 7 January 2011.
Subsea 7 CEO Jean Cahuzac said the creation of the new company in seabed-to-surface engineering, construction and contract services to the offshore energy industry will allow it to secure and deliver offshore projects of the size and complexity that the company expects will emerge in the coming decade.
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“Our leadership position and global footprint will give us opportunities to grow faster than either Acergy SA or Subsea 7 Inc could have achieved on their own,” Cahuzac said.
The company’s authorised share capital is $900m, comprising 450 million common shares of $2 each.
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