Subsea 7 Gets $80 Million Contract From Statoil In North Sea
February 16 2012 - 3:39AM
Dow Jones News
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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