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SBM Offshore Receives Letter Of Interim Award from Shell

Date : 06/15/2012 @ 3:19AM
Source : Dow Jones News
Stock : Sbm Offshore (SBMO)
Quote : 10.38  -0.12 (-1.14%) @ 11:39AM
Sbm Offshore share price Chart

SBM Offshore Receives Letter Of Interim Award from Shell

Sbm Offshore (EU:SBMO)
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AMSTERDAM --Dutch oil services company SBM Offshore NV (SBMO.AE) said Friday that it has received a letter of interim award from Royal Dutch Shell PLC (RDSB.LN) for the supply, lease and operation for the Fram field in the UK sector of the North Sea.

MAIN FACTS:

- The letter of interim award allows SBM Offshore to commence engineering and procurement of long lead items to ensure timely completion of the planned Fram project, which is subject to a final investment decision.

- Financial detail hasn't been provided.

Write to Amsterdam Bureau at amsterdam@dowjones.com



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