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BUZZ-Subsea 7: jumps on BP contract award

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) of Norwegian oil services supplier up 5 pct, top performer on Oslo Stock Exchange Equity index

** Gets order from BP and partner DEA for development of Giza, Fayoum and Raven subsea fields offshore Alexandria, Egypt

** Engineering and project management work commences immediately; offshore installation scheduled to commence in two stages, in 2017 and 2018, respectively

** Contract scope includes engineering, procurement, installation and pre-commissioning of subsea infrastructure from 12 wells, with 80 km of umbilicals and 220 km of pipelines

(RM (LSE: RM.L - news) :izabela.niemiec.thomsonreuters.com@reuters.net)