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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

Subsea 7 Gets $135 Million Pipeline Contract

21/01/2013 8:43am

Dow Jones News


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

Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Monday it has received a contract worth $135 million from Shell U.K. Ltd (RDSA.LN) for engineering, procurement, fabrication and installation of a 4.5 kilometer pipeline bundle in the North Sea.

 
   MAIN FACTS: 

-Project management and engineering work will commence immediately. Offshore activities utilising a variety of Subsea 7 vessels are scheduled in 2014.

-The project is part of Shell's Fram oil and gas development in the Central North Sea.

-Shares in Subsea 7 closed Friday at NOK136.90.

Write to Gustav Sandstrom at gustav.sandstrom@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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