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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.58 | -2.96% | 19.02 | 19.01 | 19.04 | 19.32 | 19.02 | 19.32 | 1,834 | 15:16:29 |
From Jul 2019 to Jul 2024
By Dominic Chopping
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) Tuesday announced the award of a contract worth over $350 million from Petrobras (PBR).
MAIN FACTS:
-The contract is for the operation of the Pipe Lay Support Vessel (PLSV) Kommandor 3000 on a day rate basis for five years.
-Kommandor 3000 will start operations under the contract in 2013.
-The work scope is similar to the current contract, including project management, engineering and the installation of Petrobras supplied flexible lines and equipment on a day rate basis.
-Shares closed Monday at NOK133.40, valuing the company at NOK46.93 billion.
-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: @DowJonesNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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