Subsea7 Secures North Sea Decommissioning Contract from Ithaca Energy

Subsea7 Awarded Alba Decommissioning Contract

Subsea7 recently won a significant North Sea decommissioning contract from Ithaca Energy to perform off-station decommissioning services for their Alba floating storage unit in the North Sea. The contract, awarded on December 1, 2025, highlights an increasing need for specialist subsea decommissioning expertise across UK Continental Shelf waters.

Subsea7's Alba project represents a critical engagement during the energy transition phase, as operators increasingly prioritize safe and efficient removal of offshore infrastructure. The contract scope includes services necessary for systematic decommissioning of a floating storage facility - an essential aspect of North Sea asset retirement planning.

Subsea7 announced its third quarter 2025 results on November 20, 2025, detailing their operational performance for the nine month period ending September 30, 2025. Decommissioning has become a growth area for major subsea service providers as the industry transitions away from production-focused operations towards asset retirement and environmental remediation.

Market Context and Implications of Digital Transformation in Industry.

Contract award by Ithaca Energy mirrors industry trends in the North Sea, where ageing infrastructure and regulatory requirements have driven increased decommissioning activity. Subsea7 was chosen due to their technical capabilities and track record in managing complex offshore environments.

Subsea service companies have turned to decommissioning contracts as production-phase work slows. Subsea7's Alba engagement provides them with an ideal platform for taking advantage of an impressive pipeline of North Sea decommissioning projects anticipated over the coming years.