SUBCY Subsea 7 SA (PK)

   By Dominic Chopping 
 

Norwegian seabed-to-surface engineering contractor Subsea 7 S.A. (SUBC.OS) said Wednesday it has been awarded three contracts with a combined value in excess of $300 million from Petrobras (PBR).

 
   MAIN FACTS: 

-Operations will commence in 2013.

-Shares closed Tuesday at NOK141, valuing the company at NOK49.6 billion.

-Write to Dominic Chopping at dominic.chopping@dowjones.com; Twitter: @DowJonesNordics

Subscribe to WSJ: http://online.wsj.com?mod=djnwires