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."