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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.11 | -0.63% | 17.455 | 17.55 | 17.67 | 17.455 | 17.24 | 17.445 | 536 | 16:37:23 |
From May 2023 to May 2024
By Dominic Chopping
Subsea 7 Tuesday confirmed the award of a major contract from Petrobras for the development of the Mero 4 oil field, offshore Brazil.
The Norwegian offshore energy services firm said the contract was announced in redacted form last month and was recorded in its third-quarter 2023 backlog.
The contract includes engineering, procurement, fabrication, installation and pre-commissioning of 76 kilometres of pipework with project management and engineering starting immediately and offshore operations scheduled for 2025 and 2026, it said.
Subsea 7 defines a major contract as one where its share of revenue is over $750 million.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
October 31, 2023 10:35 ET (14:35 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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