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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.58 | -2.96% | 19.02 | 18.99 | 19.02 | 19.32 | 19.02 | 19.32 | 1,834 | 15:15:12 |
From Jul 2019 to Jul 2024
By Dominic Chopping
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Thursday that as part of a consortium it has been awarded a contract from Esso Exploration and Production Nigeria Ltd for the development of the Erha North field, offshore Nigeria.
MAIN FACTS:
-The contract was awarded to a consortium of West African Ventures Ltd and Subsea 7's Nigerian subsidiary.
-Significant parts of the design will be executed in Nigeria and all subsea structures will be fabricated in Nigeria.
-Engineering will commence immediately with offshore installation scheduled to commence in early 2015, using the Seven Borealis and the Seven Pacific.
-At 1023 GMT shares traded 3.3% higher at NOK134.70.
-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: @DowJonesNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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