Subsea 7 gets $400 million pact offshore Brazil from Petrobras
By Dominic Chopping
Norwegian seabed to surface engineering contractor Subsea 7 said it has received a contract worth around $400 million from Petrobras.
The contract is for the operation of the Pipe Lay Support Vessel (PLSV), Normand Seven on a day rate basis for around five years, with operations starting in 4Q this year.
The vessel has operated for Petrobras for several years and is currently under contract with this client.
The work scope of the contract is similar to that of other PLSVs which Subsea 7 currently operates offshore Brazil, comprising project management, engineering and installation of flowlines, umbilicals and equipment supplied by Petrobras.
Dow Jones Newswires