SUBCY Subsea 7 SA (PK)

   By Dominic Chopping 
 

Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) Friday announced the award of a $170 million contract from Statoil ASA (STO) for services on the Mariner field, in the U.K. sector of the North Sea.

 
   MAIN FACTS: 

-Project management and engineering work will commence immediately at Subsea 7's offices in Stavanger, Norway and Aberdeen, U.K.

-Offshore activities utilising a variety of Subsea 7 vessels are scheduled to commence in 2015 and to be completed in 2016.

-Shares closed Thursday at NOK130, valuing the company at NOK45.73 billion.

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

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