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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.64 | -3.27% | 18.96 | 18.98 | 19.03 | 19.32 | 18.94 | 19.32 | 3,093 | 19:16:43 |
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 an $800 million contract from Total E&P Norge AS for the development of the Martin Linge gas field, off the coast of Bergen, Norway, in the North Sea.
MAIN FACTS:
-The contract comprises engineering, procurement, construction and installation (EPIC) of the complete subsea facilities on the field including.
-Under the terms of this contract Subsea 7 will deploy various pipelay, construction, diving, ploughing, trenching and survey vessels during the offshore period.
-Engineering and project management will commence immediately at Subsea 7's Stavanger office with offshore operations due to commence in the spring of 2014.
-The duration of the contract is estimated at four years.
-Shares closed Wednesday at NOK121.30, valuing the company at NOK42.67 billion.
-Write to Dominic Chopping at dominic.chopping@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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