Subsea 7 gets $380 mn pact offshore Norway from Statoil

3/5/2013

Subsea 7 gets $380 mn pact offshore Norway from Statoil

BY DOMINIC CHOPPING

LONDON -- Subsea 7 said it has been awarded a contract valued at $380 mn from Statoil for the Aasta Hansteen gas field, located west of Bodoe in the northern part of the Norwegian Sea.

Project management and engineering will commence immediately at Subsea 7's offices in Stavanger, Norway, with offshore operations commencing in 2015 and 2016. The project will provide the basis for a permanent Subsea 7 presence in Northern Norway, which will be established in the first year of the project.

Dow Jones Newswires

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