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Subsea 7 wins $360 million Shell contract
November 27, 2012 / 7:13 AM / 5 years ago

Subsea 7 wins $360 million Shell contract

A Shell logo is seen at a petrol station in Ankara March 6, 2012. REUTERS/Umit Bektas

OSLO (Reuters) - Norwegian oil services firm Subsea 7 (SUBC.OL) won a $360 million (224 million pounds) contract extension from Shell (RDSa.L) for work between 2014 and 2016, it said on Tuesday.

Under the deal, Subsea 7 will continue to provide subsea construction, inspection, repair, maintenance and decommissioning services across Shell’s European offshore fields and facilities, the firm said.

Reporting by Balazs Koranyi

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