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Subsea 7 Gets $75 Million Contract Offshore Canada

By Dominic Chopping Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) Friday announced the award of a $75 million three-year subsea construction services contract by ExxonMobil Canada Properties. MAIN FACTS: -The contract supports the Hebron heavy oil field development, located in the Jeanne d'Arc Basin 350 kilometres southeast of St. John's, Canada. -The contract scope includes the project management, engineering and installation of two Offshore Loading Systems in a water depth of 92 metres. -Engineering and project management will begin immediately from Subsea 7's offices in St John's. -At 0803 GMT shares traded 1.7% higher at NOK116.30. -Write to Dominic Chopping at; Twitter: @WSJNordics Subscribe to WSJ:

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