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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 $150 Million Contract From Chevron

04/12/2012 8:04am

Dow Jones News


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

Subsea 7 S.A. (SUBC.OS), the Norwegian seabed-to-surface engineering contractor, said Tuesday it has received a topside contract valued at approximately $150 million from Chevron Corp. (CVX) for the development of the Lianzi field offshore the Republic of Congo and Angola.

 
   MAIN FACTS: 

-The offshore works, including installation, hook-up and commissioning, are scheduled for the second half of 2014.

-Shares in Subsea 7 closed at NOK130.40 on Monday.

-Write to Sven Grundberg at sven.grundberg@dowjones.com

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


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