Subsea 7 awarded contract offshore Brazil by Petrobras

10/30/2013

Subsea 7 awarded contract offshore Brazil by Petrobras

LUXEMBOURG --Subsea 7 S.A. has been awarded a contract, valued at approximately $60 million, for its i-Tech division by Petrobras.

The contract scope is for the provision of ROV’s and underwater positioning services on board the platform supply vessel (PSV) Far Saga operating offshore Brazil for an initial six-year term with options to extend for up to another six years.

i-Tech’s managing director, Bruce Masson, commented, “This contract will see the first deployment of our new generation Centurion SP work class ROV on board the PSV. The Centurion SP vehicle is one of the most powerful ROV’s currently available in the market, offering a high thrust to weight ratio which is important when working in areas of high currents.”

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