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SUBCY Subsea 7 SA (PK)

17.805
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
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

Subsea 7 Gets $75 Million Contract Offshore Canada

28/02/2014 11:49am

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Subsea 7 (PK) (USOTC:SUBCY)
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   By Dominic Chopping 
 

Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) Friday announced the award of a $75 million three-year subsea construction services contract by ExxonMobil Canada Properties.

 
   MAIN FACTS: 

-The contract supports the Hebron heavy oil field development, located in the Jeanne d'Arc Basin 350 kilometres southeast of St. John's, Canada.

-The contract scope includes the project management, engineering and installation of two Offshore Loading Systems in a water depth of 92 metres.

-Engineering and project management will begin immediately from Subsea 7's offices in St John's.

-At 0803 GMT shares traded 1.7% higher at NOK116.30.

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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