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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| SBM Offshore NV | EU:SBMO | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.01 | -0.07% | 14.09 | 14.06 | 14.25 | 14.24 | 14.09 | 14.21 | 402,837 | 16:40:00 |
From Apr 2019 to Apr 2024
By Maryam Cockar
SBM Offshore NV (SBMO.AE) said Wednesday that it has been awarded a contract from Statoil ASA (STL.OS) to proceed with engineering and construction work for a large-scale turret mooring system for its Johan Castberg development off the north coast of Norway.
A turret mooring system allows a vessel to rotate around the fixed part of a seabed.
Dutch oil-and-gas services company SBM said the contract award follows its previous contract to deliver front-end engineering and design work for the mooring system for Statoil.
SBM said the turret is expected to be delivered in modules in early 2020, will be moored to a water depth of about 370 meters and will have a capacity to accommodate 21 risers--a pipe that connects an offshore rig to a sub-sea system.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
December 06, 2017 12:38 ET (17:38 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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