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SUBCY Subsea 7 SA (PK)

19.60
0.00 (0.00%)
26 Jul 2024 - Closed
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
  0.00 0.00% 19.60 19.57 21.23 0.00 13:11:25

Subsea 7 Gets $140 Million Pact Offshore Norway From Statoil

04/09/2013 7:55am

Dow Jones News


Subsea 7 (PK) (USOTC:SUBCY)
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From Jul 2019 to Jul 2024

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   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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