SUBCY Subsea 7 SA (PK)

   DOW JONES NEWSWIRES 
 

Subsea 7 S.A. (SUBC.OS), the Norwegian seabed-to-surface engineering contractor, said Tuesday it has received a topside contract valued at approximately $150 million from Chevron Corp. (CVX) for the development of the Lianzi field offshore the Republic of Congo and Angola.

 
   MAIN FACTS: 

-The offshore works, including installation, hook-up and commissioning, are scheduled for the second half of 2014.

-Shares in Subsea 7 closed at NOK130.40 on Monday.

-Write to Sven Grundberg at sven.grundberg@dowjones.com

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