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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 | 18.99 | 19.03 | 19.32 | 19.02 | 19.32 | 1,834 | 15:14:40 |
By Dominic Chopping
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Tuesday it has been awarded a contract valued at $380 million from Statoil ASA (STO) for the Aasta Hansteen gas field, located west of Bodoe in the northern part of the Norwegian Sea.
MAIN FACTS:
-Project management and engineering will commence immediately at Subsea 7's offices in Stavanger, Norway, with offshore operations commencing in 2015 and 2016.
-The project will provide the basis for a permanent Subsea 7 presence in Northern Norway, which will be established in the first year of the project.
-Shares closed Monday at NOK136.70, valuing the company at NOK48.09 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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