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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 19.60 | 19.57 | 21.23 | 0.00 | 13:11:25 |
From Jul 2019 to Jul 2024
By Dominic Chopping
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Thursday it has received a contract worth around $400 million from Petrobras (PBR).
MAIN FACTS:
-The contract is for the operation of the Pipe Lay Support Vessel (PLSV) Normand Seven on a day rate basis for around five years, with operations starting in 4Q this year.
-The vessel has operated for Petrobras for several years and is currently under contract with this client.
-The work scope of the contract is similar to that of other PLSVs which Subsea 7 currently operates offshore Brazil, comprising project management, engineering and installation of flowlines, umbilicals and equipment supplied by Petrobras.
-Shares closed Wednesday at NOK104.50, valuing the company at NOK36.76 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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