Subsea 7 S.A. (SUBCY)

[Wildbilly]

Subsea 7 Gets $160 Million Contract in Gulf of Mexico

By Dominic Chopping

Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) Thursday announced the award of a three-year $160 million contract extension by BP Exploration & Production Inc. for light subsea construction, inspection, repair and maintenance services in the US Gulf of Mexico.


MAIN FACTS:
-The contract will run from the second quarter 2014 to the third quarter 2017.

-Shares closed Wednesday at NOK118.90, valuing the company at NOK41.83 billion.

-Write to Dominic Chopping at [e-mail]; Twitter: @WSJNordics

http://ih.advfn.com/p.php?pid=nmona&article=62036434


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