By Dominic Chopping
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A.
(SUBC.OS) said Monday it has been awarded a contract by Anadarko
Petroleum Corp (APC) and their partners for the Heidelberg
development in the Gulf of Mexico.
MAIN FACTS:
-The work scope includes the engineering, fabrication, and
installation of risers, pipelines, and flowlines in water depths
over 1,600 metres.
-Project management and engineering will commence immediately at
Subsea 7's offices in Houston.
-Offshore operations are due to commence in 4Q 2014, with
pipelay activities being performed by the Seven Borealis.
-Shares closed Friday at NOK130.40, valuing the company at
NOK45.87 billion.
-Write to Dominic Chopping at dominic.chopping@dowjones.com;
Twitter: @WSJNordics
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