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Subsea 7 Gets $160 Million Contract in Gulf of Mexico

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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