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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.44 | -2.24% | 19.16 | 19.15 | 19.20 | 19.32 | 19.09 | 19.32 | 1,205 | 15:05:42 |
By Dominic Chopping
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) Friday announced the award of a $170 million contract from Statoil ASA (STO) for services on the Mariner field, in the U.K. sector of the North Sea.
MAIN FACTS:
-Project management and engineering work will commence immediately at Subsea 7's offices in Stavanger, Norway and Aberdeen, U.K.
-Offshore activities utilising a variety of Subsea 7 vessels are scheduled to commence in 2015 and to be completed in 2016.
-Shares closed Thursday at NOK130, valuing the company at NOK45.73 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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