John Evans, Chief Executive Officer, said: In the first quarter of 2021 Subsea 7 delivered solid revenue and EBITDA growth compared with the prior year. Although we experienced a relatively quiet quarter for announced new orders, the Group’s backlog remains robust at $6.0 billion and tendering activity for oil and gas projects has improved in certain regions of the world, with several contracts expected to be awarded to the industry in the coming months. Our high Renewables backlog adds to our revenue visibility and demonstrates the advantage of a diversified energy services strategy. We look ahead with optimism to a recovery in new order flow in our oil and gas business as well as continued, strong growth in our well-established offshore wind business. Strategy update Subsea 7’s two-pronged strategy comprised of ‘Subsea Field of the Future’ and ‘Energy Transition – Proactive Participation’ made further progress in the quarter with our first carbon capture and storage award, for the Northern Lights project in Norway, as well as the establishment of a joint venture to develop the Salamander floating offshore wind project in Scotland. These form part of a collection of activities focused on emerging energies that underpin our commitment to enabling lower carbon solutions both for Subsea 7 and our clients