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SUBCY Subsea 7 SA (PK)

18.96
-0.64 (-3.27%)
Last Updated: 20:54:08
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
  -0.64 -3.27% 18.96 18.94 18.99 19.32 18.94 19.32 3,817 20:54:08

Subsea 7 Gets $75 Million North Sea Contract From Total

25/11/2011 8:49am

Dow Jones News


Subsea 7 (PK) (USOTC:SUBCY)
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   DOW JONES NEWSWIRES 
 

Subsea 7 S.A. (SUBC.OS), the Norwegian seabed-to-surface engineering contractor Friday said it has signed a $75 million North Sea contract with Total E&P Norge AS.

   MAIN FACTS: 

-The agreement is a subsea umbilicals, risers and flowlines, or SURF, contract for the Atla field in the central part of the North Sea.

-The contract includes management, engineering, procurement and installation services as well as survey activities, tie-in and pre-commissioning activities and other associated services.

-Engineering and project management will start immediately, with offshore operations due to start in the second quarter, 2012.

-At 0801 GMT shares traded 0.5% higher at NOK102.10.

-By Katarina Gustafsson, Dow Jones Newswires +46-8-5451-3097; katarina.gustafsson@dowjones.com

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