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SUBCY Subsea 7 SA (PK)

18.96
-0.64 (-3.27%)
Last Updated: 19:27:47
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 19:27:47

Subsea 7 Gets $100 Million Pact From Suncor Energy Offshore Canada

27/03/2012 7:39am

Dow Jones News


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

Norwegian seabed-to-surface engineering contractor Subsea 7 SA (SUBC.OS) said Tuesday it has been awarded a $100 million Subsea Umbilicals, Risers and Flowlines (SURF) contract from Suncor Energy Inc. (SU).

 
   MAIN FACTS: 

-Contract applies to the Terra Nova Field, situated 350km south east of St John's, Newfoundland, offshore Canada.

-The contract scope includes the management, engineering and installation of nine 300 metre replacement risers and associated flowlines, jumpers and tie-ins.

-Engineering and project management will commence immediately at Subsea 7's St John's office, with offshore operations due to commence in summer 2012.

-Shares closed Monday at NOK150.40.

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

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