Subsea 7 Gets $135 Million Pipeline Contract
January 21 2013 - 3:43AM
Dow Jones News
DOW JONES NEWSWIRES
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A.
(SUBC.OS) said Monday it has received a contract worth $135 million
from Shell U.K. Ltd (RDSA.LN) for engineering, procurement,
fabrication and installation of a 4.5 kilometer pipeline bundle in
the North Sea.
MAIN FACTS:
-Project management and engineering work will commence
immediately. Offshore activities utilising a variety of Subsea 7
vessels are scheduled in 2014.
-The project is part of Shell's Fram oil and gas development in
the Central North Sea.
-Shares in Subsea 7 closed Friday at NOK136.90.
Write to Gustav Sandstrom at gustav.sandstrom@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Subsea 7 (PK) (USOTC:SUBCY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Subsea 7 (PK) (USOTC:SUBCY)
Historical Stock Chart
From Jul 2023 to Jul 2024