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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.4622 | 16.00 | 16.33 | 0.00 | 13:45:41 |
By Dominic Chopping
Subsea 7 SA Friday confirmed the award of three contracts worth a total of at least $1.2 billion from Aker BP ASA.
The awards were pre-announced last week and include a major contract for the Yggdrasil field development project, a large contract for the Skarv Satellite Project and a substantial contract for the Valhall PWP-Fenris project, all located offshore Norway.
Subsea7 defines a major contract as being more than $750 million, a large contract as being between $300 million and $500 million, and a substantial contract as being between $150 million and $300 million.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
December 16, 2022 02:42 ET (07:42 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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