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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% | 17.805 | 17.29 | 18.06 | 96 | 21:06:11 |
From Jun 2019 to Jun 2024
By Dominic Chopping
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Thursday that as part of a consortium with Technip (TEC.FR), it has been awarded a contract from Tullow Ghana Limited for a project offshore Ghana. Subsea 7's share of the contract is valued at $500 million.
MAIN FACTS:
-There is a significant fabrication scope of work which will be executed in Ghana.
-Onshore operations will be led by a team who will be located in Ghana.
-Engineering will commence immediately with offshore installation scheduled to commence in mid-2015, using the Seven Borealis.
-The TEN Field is located in the Deepwater Tano Contract Area, 60km off the coast of Ghana and approximately 30km west of the Tullow Operated Jubilee Field.
-Shares closed Wednesday at NOK128.20, valuing the company at NOK45.1 billion.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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