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Latest Share Chat

BUZZ-Subsea 7: jumps on BP contract award

Fri, 26th Feb 2016 08:57

** Shares of Norwegian oil services supplier up 5 pct, top performer on Oslo StockExchange Equity index

** Gets order from BP and partner DEA for development of Giza, Fayoum and Ravensubsea fields offshore Alexandria, Egypt

** Engineering and project management work commences immediately; offshore installationscheduled to commence in two stages, in 2017 and 2018, respectively

** Contract scope includes engineering, procurement, installation and pre-commissioning ofsubsea infrastructure from 12 wells, with 80 km of umbilicals and 220 km of pipelines

(RM:izabela.niemiec.thomsonreuters.com@reuters.net)

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