By Dominic Chopping

Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Wednesday it has been awarded a $285 million contract from Talisman Sinopec Energy U.K. Limited for subsea construction services in support of its Montrose Area Redevelopment Project in the North Sea.

 
   MAIN FACTS:

-Project management will commence immediately from Subsea 7's Aberdeen office, with offshore operations in 2014 and 2015.

-Shares closed Tuesday at NOK134.70, valuing the company at NOK47.39 billion.

-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: @DowJonesNordics

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