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SUBCY Subsea 7 SA (PK)

18.96
-0.64 (-3.27%)
26 Jul 2024 - Closed
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 18.92 19.23 19.32 18.94 19.32 3,867 21:00:25

Norway's Subsea 7 Gets $125 Million Deal From BP

13/05/2011 7:48am

Dow Jones News


Subsea 7 (PK) (USOTC:SUBCY)
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Norwegian seabed-to-surface engineering and construction contractor Subsea 7 S.A. (SUBC.OS) Friday said it has received a $125 million contract with BP Exploration & Production Inc. (BP).

 
   MAIN FACTS: 

-The three-year contract includes the provision of two vessels, including a dedicated full-time vessel.

-The deal will also cover associated project management and engineering support, for inspection, intervention and light construction work in the US Gulf of Mexico.

-The project will start mid 2011.

-Shares closed Thursday at NOK135.70.

-By Katarina Gustafsson, Dow Jones Newswires +46-8-5451-3097; katarina.gustafsson@dowjones.com

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