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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.254 | 1.40% | 18.404 | 18.15 | 18.72 | 18.47 | 18.31 | 18.47 | 21,757 | 21:00:49 |
From Jun 2022 to Jun 2024
By Ian Walker
Subsea 7 SA said Tuesday that Seaway 7 ASA has been named preferred supplier for the Seagreen 1A wind project, offshore Scotland.
The contract--which is classified as 'very large' meaning it is worth between $500 million and $750 million--is expected to start next year. The project could be operational by 2025-26.
The time frame and Seaway 7's selection are subject to the Seagreen 1A project securing consent and a final investment decision by SSE Renewables and TotalEnergies SE, Subsea said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
June 07, 2022 10:24 ET (14:24 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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