Subsea 7 Gets $75 Million Contract Offshore Canada
February 28 2014 - 6:49AM
Dow Jones News
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 dominic.chopping@wsj.com; Twitter:
@WSJNordics
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