Subsea 7 Gets $300 Million Contracts Offshore Brazil
March 13 2013 - 3:39AM
Dow Jones News
By Dominic Chopping
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A.
(SUBC.OS) said Wednesday it has been awarded three contracts with a
combined value in excess of $300 million from Petrobras (PBR).
MAIN FACTS:
-Operations will commence in 2013.
-Shares closed Tuesday at NOK141, valuing the company at NOK49.6
billion.
-Write to Dominic Chopping at dominic.chopping@dowjones.com;
Twitter: @DowJonesNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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