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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% | 19.60 | 19.57 | 21.23 | 0.00 | 13:11:25 |
By Dominic Chopping
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Wednesday it has been awarded a $140 million contract from Statoil (STO) for the removal and replacement of risers, flowlines and associated subsea structures on the Norwegian Continental Shelf.
MAIN FACTS:
-Project management and engineering work will commence immediately from Subsea 7's offices in Stavanger and Oslo.
-Offshore activities utilising a variety of Subsea 7 vessels are scheduled to extend from 2014 to 2017.
-Shares closed Tuesday at NOK124.30, valuing the company at NOK43.73 billion.
-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: @WSJNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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