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BP. Bp Plc

495.70
2.90 (0.59%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bp Plc LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.90 0.59% 495.70 496.00 496.10 498.75 493.30 495.45 36,110,224 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining 211.6B 15.24B 0.8934 5.55 84.61B

Subsea 7 Gets $500 Million Contract Offshore Egypt

30/07/2015 8:16am

Dow Jones News


Bp (LSE:BP.)
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   By Dominic Chopping 
 

Norwegian offshore engineer Subsea 7 S.A. (SUBC.OS) Thursday announced a $500 million contract from BP PLC (BP) and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt.

The contract is the first phase of Egypt's West Nile Delta project and includes the engineering, procurement, installation and pre-commissioning of subsea infrastructure required to develop the hydrocarbon resources from nine wells.

Engineering and project management work will commence immediately and will be undertaken at Subsea 7's Global Projects Centre in London while fabrication will be carried out at the Petrojet Maadia yard near Alexandria.

Offshore installation is scheduled to commence in the second half of 2016 using the Subsea 7 pipelay vessel, Seven Borealis, and heavy construction vessel, Seven Arctic.

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

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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