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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.64 | -3.27% | 18.96 | 18.98 | 19.03 | 19.32 | 18.94 | 19.32 | 3,093 | 19:16:43 |
By Dominic Chopping
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Friday that BP PLC (BP) has extended its contract for subsea construction, inspection, repair and maintenance services for the Foinaven and Schiehallion fields west of the Shetland Islands, in a deal worth $300 million.
MAIN FACTS:
-The contract extension will run from 2013 until 2017.
-Under the terms of this contract, the multi-purpose support vessel, Subsea Viking, will provide BP's operations with support services in the Foinaven and Schiehallion fields.
-Shares closed at NOK133.70, valuing the company at NOK47.03 billion.
-Write to Dominic Chopping at dominic.chopping@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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