Subsea 7 S.A. (SUBCY): Subsea 7 Gets $75 Million Contract Offsh...

Reply Private New

Next 10 Prev Next

Send PM Follow Ignore

Followers	231
Posts	34993
Boards Moderated	1
Alias Born	11/19/2003

Wildbilly

Re: None

Wednesday, 09/10/2014 7:47:09 PM

Wednesday, September 10, 2014 7:47:09 PM

Subsea 7 Gets $75 Million Contract Offshore Canada
Print
Alert
Subsea 7 S.a. (PC) (USOTC:SUBCY)
Historical Stock Chart
1 Year : From Sep 2013 to Sep 2014

By Dominic Chopping

Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) Friday announced the award of a $75 million three-year subsea construction services contract by ExxonMobil Canada Properties.

MAIN FACTS:
-The contract supports the Hebron heavy oil field development, located in the Jeanne d'Arc Basin 350 kilometres southeast of St. John's, Canada.

-The contract scope includes the project management, engineering and installation of two Offshore Loading Systems in a water depth of 92 metres.

-Engineering and project management will begin immediately from Subsea 7's offices in St John's.

-At 0803 GMT shares traded 1.7% higher at NOK116.30.

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics

http://ih.advfn.com/p.php?pid=nmona&article=61262398

.