Wednesday, September 10, 2014 7:42:47 PM
By Dominic Chopping
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Thursday that as part of a consortium with Technip (TEC.FR), it has been awarded a contract from Tullow Ghana Limited for a project offshore Ghana. Subsea 7's share of the contract is valued at $500 million.
MAIN FACTS:
-There is a significant fabrication scope of work which will be executed in Ghana.
-Onshore operations will be led by a team who will be located in Ghana.
-Engineering will commence immediately with offshore installation scheduled to commence in mid-2015, using the Seven Borealis.
-The TEN Field is located in the Deepwater Tano Contract Area, 60km off the coast of Ghana and approximately 30km west of the Tullow Operated Jubilee Field.
-Shares closed Wednesday at NOK128.20, valuing the company at NOK45.1 billion.
http://ih.advfn.com/p.php?pid=nmona&article=59812141
.
Recent SUBCY News
- Subsea 7 Confirms Major Contract From Petrobras For Work Offshore Brazil • Dow Jones News • 10/31/2023 02:50:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM