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SUBCY Subsea 7 SA (PK)

17.92
0.16 (0.90%)
06 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
  0.16 0.90% 17.92 17.83 17.95 17.94 17.75 17.80 8,217 21:00:24

Subsea 7 Gets Contract Offshore Australia

13/02/2015 1:48pm

Dow Jones News


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

Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Friday it has been awarded a contract by Woodside Energy Ltd for work on the Persephone project, offshore Australia.

The contract comprises fabrication, transportation, installation and pre-commissioning activities within the principal scope of work, with additional deconstruction and pipeline suspension work in the Echo Yodel Field at the Goodwyn Alpha Platform.

The Company's diving construction vessel Seven Eagle will perform all of the offshore activities.

Project management and engineering will commence immediately from the company's office in Perth, Australia, with offshore operations scheduled to commence in the fourth quarter of 2015.

The monetary value of the deal wasn't disclosed.

Write to Dominic Chopping at dominic.chopping@dowjones.com

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


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