Norway's Subsea 7 Gets $125 Million Deal From BP
May 13 2011 - 2:48AM
Dow Jones News
Norwegian seabed-to-surface engineering and construction
contractor Subsea 7 S.A. (SUBC.OS) Friday said it has received a
$125 million contract with BP Exploration & Production Inc.
(BP).
MAIN FACTS:
-The three-year contract includes the provision of two vessels,
including a dedicated full-time vessel.
-The deal will also cover associated project management and
engineering support, for inspection, intervention and light
construction work in the US Gulf of Mexico.
-The project will start mid 2011.
-Shares closed Thursday at NOK135.70.
-By Katarina Gustafsson, Dow Jones Newswires +46-8-5451-3097;
katarina.gustafsson@dowjones.com