Subsea 7 lands $200 million contract

Oslo-based company, Subsea 7's vessel the Seven Seas will install flexible lines for a number of Petrobras projects in Brazil
Subsea 7 lands $200 million contract

Subsea 7 has won a contract worth $200 million from Petrobras.

The Oslo-based company will install flexible lines for a number of Petrobras projects using the construction and flex-lay vessel Seven Seas. The contract is for two years and will be paid on a day-rate basis. 

Seven Seas has been working for Petrobras since 2013 on a similar day-rate contract. It is capable of operating in water depths of up to 3,000 metres and is equipped with an advanced flexible pipe-lay system with top tension capacity of 430 tonnes. 

Subsea 7's Senior Vice President for Brazil, Victor Bomfim, said: "This new contract for Seven Seas maintains our solid presence in the market for PLSVs in Brazil."
 

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by Laura Stackhouse

readmt.com Editor

Laura Stackhouse is the Web Editor of readmt.com, an official publication of the International Marine Purchasing Association (IMPA). To discuss news, features or contributing to readmt.com please get in touch.

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