Subsea 7 Secures USD$200 Million Contract, Offshore Brazil

Subsea 7 has secured a contract worth approximately USD$200 million with a duration of approximately two years. The contract is for the installation of flexible lines for Petrobras’ projects using Subsea 7’s construction and flex-lay vessel Seven Seas, on a day-rate basis.

The vessel has been operating for Petrobras under a similar day-rate contract since 2013 and will commence the new contract in direct continuation to the current one.

The Seven Seas is a vessel capable of operating in water depths up to 3,000 metres and is equipped with an advanced flexible pipe-lay system with top tension capacity of 430 tonnes. The contract work scope will be similar to that of other Subsea 7 Pipe lay Support Vessels(PLSVs) operating under day-rate  contracts  in  Brazil, providing  engineering and installation services  for client-supplied  flowlines, umbilicals and subsea equipment.

Subsea  7’ 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.  We are proud to provide  continuous service to Petrobras as it develops its complex oil and gas fields offshore Brazil.”

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