Subsea 7 Gets $160 Million Contract in Gulf of Mexico
May 01 2014 - 2:50AM
Dow Jones News
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 dominic.chopping@wsj.com; Twitter:
@WSJNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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