SUBC - Subsea 7 awarded contract offshore Nigeria
Luxembourg - 10 April 2018 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial(1) contract by Mobil Producing Nigeria Unlimited (MPN) for the Production Uplift Pipeline Projects (PUPP) in shallow water, offshore Nigeria.
The contract scope includes engineering, construction, transportation, installation and pre-commissioning of 20 kilometres of 24" Corrosion Resistant
Alloy (CRA) pipeline between the Idoho Platform and the terminal onshore and of 2 kilometres of 24" CRA pipeline between the Edop and Idoho Platforms, as well as associated topside modifications and tie-ins at both ends.
Engineering and procurement will start immediately at NigerStar 7's(2) offices in Lagos, while offshore operations will take place from Q3 2018 to Q1 2019, using the Subsea 7 vessel, Seven Antares.
Subsea 7's Regional Vice President for Africa, Gilles Lafaye, said: "Subsea 7 has a long track record of successful operations in Nigeria, enabled by our
local joint venture, NigerStar 7. This award reflects our strong reputation for successful Conventional project execution in the region and offers us a further opportunity to support the continued development of the country's oil and gas industry."
(1) Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million.
(2) NigerStar 7 is a non-wholly owned subsidiary of Subsea 7.
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Subsea 7 S.A. is a leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry. We provide technical solutions to enable the delivery of complex projects in all water depths and challenging environments. Subsea 7 is listed on the Oslo Bors (SUBC), ISIN LU0075646355.
*******************************************************************************
Contact for investment community enquiries:
Isabel Green
Investor Relations Director
Tel +44 (0)20 8210 5568
isabel.green@subsea7.com
www.subsea7.com
http://www.newsweb.no/index.jsp?messageId=448386
The contract scope includes engineering, construction, transportation, installation and pre-commissioning of 20 kilometres of 24" Corrosion Resistant
Alloy (CRA) pipeline between the Idoho Platform and the terminal onshore and of 2 kilometres of 24" CRA pipeline between the Edop and Idoho Platforms, as well as associated topside modifications and tie-ins at both ends.
Engineering and procurement will start immediately at NigerStar 7's(2) offices in Lagos, while offshore operations will take place from Q3 2018 to Q1 2019, using the Subsea 7 vessel, Seven Antares.
Subsea 7's Regional Vice President for Africa, Gilles Lafaye, said: "Subsea 7 has a long track record of successful operations in Nigeria, enabled by our
local joint venture, NigerStar 7. This award reflects our strong reputation for successful Conventional project execution in the region and offers us a further opportunity to support the continued development of the country's oil and gas industry."
(1) Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million.
(2) NigerStar 7 is a non-wholly owned subsidiary of Subsea 7.
*******************************************************************************
Subsea 7 S.A. is a leading global contractor in seabed-to-surface engineering, construction and services to the offshore energy industry. We provide technical solutions to enable the delivery of complex projects in all water depths and challenging environments. Subsea 7 is listed on the Oslo Bors (SUBC), ISIN LU0075646355.
*******************************************************************************
Contact for investment community enquiries:
Isabel Green
Investor Relations Director
Tel +44 (0)20 8210 5568
isabel.green@subsea7.com
www.subsea7.com
http://www.newsweb.no/index.jsp?messageId=448386
Redigert 21.01.2021 kl 08:43
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pipers75
25.07.2018 kl 16:09
4679
Headline skrev Når kommer tallene for subc i morgen?
Headline
Subsea 7 S.A. Conference Call Notification
Second Quarter 2018 Financial Results
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its first quarter results for the period ended 30 June 2018 on 26 July 2018 at 07:00 UK time.
A conference call and simultaneous webcast for the investment community will be held on 26 July 2018 at 12:00 noon UK time.
http://www.subsea7.com/en/investor-relations/results-reports-and-presentations/conference-call-and-webcast.html
Subsea 7 S.A. Conference Call Notification
Second Quarter 2018 Financial Results
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) will publish its first quarter results for the period ended 30 June 2018 on 26 July 2018 at 07:00 UK time.
A conference call and simultaneous webcast for the investment community will be held on 26 July 2018 at 12:00 noon UK time.
http://www.subsea7.com/en/investor-relations/results-reports-and-presentations/conference-call-and-webcast.html
Redigert 25.07.2018 kl 16:10
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Hugoil
25.07.2018 kl 16:35
4653
Pareto i dag:
Research focus: SUBC – Higher SURF revenues supporting expected Q1 beat
Subsea 7 will announce its second quarter results tomorrow; coming in at an adj. EBITDA
(including its joint venture results) of USD 203m and an adj. EBIT of USD 95m. Q1 beat
supported by increased SURF-revenues and some margin improvements across all the
three reporting segments. With its six announced contracts during the quarter aggregating
somewhere between USD 0.6-1.4bn, we believe the total order intake is likely to surpass
the implied order intake of 0.94bn in Q1. Although margin pressure is still present – and
the company has been emphasizing that its full year EBITDA-margin may be ‘significantly
lower compared to 2017’ – the company still has a solid balance sheet that even allows for
opportunistic moves. We continue to highlight the attractive valuation at EV/EBITDA’18-
20e of 4-5.5x and cash flow yield >10%. BUY TP NOK 158
DNB på mandag:
Vi tar Subsea 7 ut. Vi rydder plass til Evry ved å ta Subsea 7 ut av porteføljen. Vi har
ikke et veldig sterkt syn på Q2 tallene til Subsea 7 som kommer på torsdag, men vi
føler ikke risikoen av å være eksponert over tallene er spesielt god denne
rapporteringssesongen etter at flertallet av selskapene som har rapportert så langt har
fått negative reaksjoner selv om tallene ofte har vært greie.
Etter børs:
Kl. Volum Kurs Kilde Kjøper Selger
16:31:16 200 000 130.00 Derivatives trade
16:30:56 50 000 122.39 Derivatives trade
16:28:57 200 000 125.00 Derivatives trade
Research focus: SUBC – Higher SURF revenues supporting expected Q1 beat
Subsea 7 will announce its second quarter results tomorrow; coming in at an adj. EBITDA
(including its joint venture results) of USD 203m and an adj. EBIT of USD 95m. Q1 beat
supported by increased SURF-revenues and some margin improvements across all the
three reporting segments. With its six announced contracts during the quarter aggregating
somewhere between USD 0.6-1.4bn, we believe the total order intake is likely to surpass
the implied order intake of 0.94bn in Q1. Although margin pressure is still present – and
the company has been emphasizing that its full year EBITDA-margin may be ‘significantly
lower compared to 2017’ – the company still has a solid balance sheet that even allows for
opportunistic moves. We continue to highlight the attractive valuation at EV/EBITDA’18-
20e of 4-5.5x and cash flow yield >10%. BUY TP NOK 158
DNB på mandag:
Vi tar Subsea 7 ut. Vi rydder plass til Evry ved å ta Subsea 7 ut av porteføljen. Vi har
ikke et veldig sterkt syn på Q2 tallene til Subsea 7 som kommer på torsdag, men vi
føler ikke risikoen av å være eksponert over tallene er spesielt god denne
rapporteringssesongen etter at flertallet av selskapene som har rapportert så langt har
fått negative reaksjoner selv om tallene ofte har vært greie.
Etter børs:
Kl. Volum Kurs Kilde Kjøper Selger
16:31:16 200 000 130.00 Derivatives trade
16:30:56 50 000 122.39 Derivatives trade
16:28:57 200 000 125.00 Derivatives trade
Redigert 25.07.2018 kl 16:56
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Headline
26.07.2018 kl 07:50
4469
Hvet ikke hvor mye dette blir tatt hensyn til, men....
Ca 2 timer siden
https://markets.businessinsider.com/news/stocks/subsea_7_3-stock-price-quarter-earnings-preview-q2-1027398819
Ca 2 timer siden
https://markets.businessinsider.com/news/stocks/subsea_7_3-stock-price-quarter-earnings-preview-q2-1027398819
Redigert 26.07.2018 kl 07:53
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Sa2ri
26.07.2018 kl 08:07
4435
Merkelig at de som diskuterer SUBC ikke greier å lage en egen tråd som er litt mer aktuell, spesielt med tanke på at selskapet har lagt frem resultater i dag. Denne tråden har "gått ut på dato".
Redigert 26.07.2018 kl 08:07
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Headline
26.07.2018 kl 08:10
4422
Godt poeng
Ser det samme i feks NHY, en tråd lever der ennå siden februar da det regnet i Brasil
Ser det samme i feks NHY, en tråd lever der ennå siden februar da det regnet i Brasil
Hugoil
26.07.2018 kl 13:57
4291
Stille i dag.., hvordan var presentasjonen?
--
Fik dere med dere at det gikk 100K i på 120,90 og 100K på 119,05. Deretter roet det seg og bygget seg gradvis opp. Shortinndekking..
--
Fik dere med dere at det gikk 100K i på 120,90 og 100K på 119,05. Deretter roet det seg og bygget seg gradvis opp. Shortinndekking..
Redigert 26.07.2018 kl 14:21
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