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SUBCY Subsea 7 SA (PK)

18.96
-0.64 (-3.27%)
Last Updated: 19:16:43
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 18.98 19.03 19.32 18.94 19.32 3,093 19:16:43

Subsea 7 Gets $80 Million Contract From Statoil In North Sea

16/02/2012 8:39am

Dow Jones News


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

The Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Thursday it has received a $80 million contract from Statoil ASA (STO) to provide its services in the Svalin C Field, situated in the central part of the North Sea.

   MAIN FACTS: 

-Engineering and project management will commence immediately, with offshore operations due to commence in the second quarter of 2013.

-Shares closed at NOK128.50 Wednesday

-By Christina Zander, Dow Jones Newswires; +46-8-5451-3104; christina.zander@dowjones.com

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