April 25, 2012 / 6:18 AM / 5 years ago

Kvaerner gets Canadian contract worth up to $150 million

OSLO (Reuters) - Norwegian oil services firm Kvaerner (KVAER.OL) said one of its subsidiaries secured a contract with ExxonMobil (XOM.N) in Canada worth between $125 million and $150 million to the parent firm.

Kiewit-Kvaerner Contractors, a 50/50 joint venture between Peter Kiewit Infrastructure and Kvaerner, has been authorized by to proceed with work on the Hebron Project gravity based structure project in Newfoundland and Labrador, Canada, it said in a statement on Wednesday.

Reporting by Balazs Koranyi

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