Subsea 7 Gets $110 Million Pact Offshore Brazil
March 21 2014 - 6:09AM
Dow Jones News
By Dominic Chopping
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A.
(SUBC.OS) said Friday it has been awarded a $110 million contract
from Shell (RDSA.LN) for engineering work on the BC-10 Phase 3
Project in the Campos Basin offshore Brazil.
MAIN FACTS:
-Project management and engineering will be performed from
Subsea 7's offices in Rio de Janeiro and will commence in 1Q 2014
with the offshore campaign starting in 3Q 2015, using the
construction/flexlay vessel the Skandi Neptune.
-The project has a total duration of approximately two
years.
-At 0834 GMT shares traded 0.8% higher at NOK106.50.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter:
@WSJNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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