Subsea 7 Gets $150 Million Contract From Chevron
December 04 2012 - 3:04AM
Dow Jones News
DOW JONES NEWSWIRES
Subsea 7 S.A. (SUBC.OS), the Norwegian seabed-to-surface
engineering contractor, said Tuesday it has received a topside
contract valued at approximately $150 million from Chevron Corp.
(CVX) for the development of the Lianzi field offshore the Republic
of Congo and Angola.
MAIN FACTS:
-The offshore works, including installation, hook-up and
commissioning, are scheduled for the second half of 2014.
-Shares in Subsea 7 closed at NOK130.40 on Monday.
-Write to Sven Grundberg at sven.grundberg@dowjones.com
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