SBM Offshore Drops Sharply on Reports of Trouble at North Sea Project
11 Luglio 2012 - 7:18PM
Dow Jones News
Shares in SBM Offshore NV (SBMO.AE) tumbled 6.6% on Wednesday
following reports of problems at a project at the Yme oil field in
the Norwegian part of the North Sea.
The reports said that Canada's Talisman Energy Inc. (TLM.T) had
evacuated a platform in the area, but didn't elaborate. SBM
Offshore has supplied equipment to the project, and in 2011 had to
take charges of several million dollars for unexpected costs
related to it.
Officials at the companies or the Norwegian authorities didn't
respond to requests for comment.
SBM Offshore shares closed at EUR10.46.
Write to Robert van den Over at
robert.vandenoever@dowjones.com
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