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SUBCY Subsea 7 SA (PK)

18.96
-0.64 (-3.27%)
Last Updated: 19:16:43
Delayed by 15 minutes
Name Symbol Market Type
Subsea 7 SA (PK) USOTC:SUBCY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.64 -3.27% 18.96 18.98 19.03 19.32 18.94 19.32 3,093 19:16:43

DOF Subsea Gets New Pact For Construction Vessel From Subsea 7

24/04/2012 10:08am

Dow Jones News


Subsea 7 (PK) (USOTC:SUBCY)
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   DOW JONES NEWSWIRES 
 

Norwegian offshore engineer DOF ASA (DOF.OS) said Tuesday that seabed-to-surface engineering contractor Subsea 7 SA (SUBC.OS) has exercised an option with its DOF Subsea AS unit to extend the contract on the construction vessel Skandi Seven by 1 year from Mar. 31, 2013.

 
   MAIN FACTS: 

-DOF Subsea has previously announced that Subsea 7 has fixed the vessel Skandi Skansen for a period of 100-200 days per year over the next 4 years.

-Subsea 7 has declared an option and extended the contract and will utilize the vessel Skandi Skansen for a fixed period until Jul. 2013.

-DOF Subsea Asia Pacific has entered into several contracts in the Far East where the vessels Skandi Singapore, Skandi Hercules and Geobay will be utilized under the contracts.

-DOF Subsea Atlantic has entered into a contract with ConocoPhillips (COP) where the vessel Skandi Skolten will be utilized under the contract.

-The total value of the new contracts are about NOK520 million.

-At 0835 GMT shares traded 0.3% higher at NOK36.80.

-By Dominic Chopping; Dow Jones Newswires; +46-8-5451-3093; dominic.chopping@dowjones.com

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