Subsea 7 SA Receives Contract Offshore Brazil

Thursday, 4 Jul 2013 02:00am EDT 

Subsea 7 SA announced that it has been awarded a contract with a value (at the time of contract signature) of approximately USD 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 approximately five years, with operations starting in the fourth quarter of this 2013. The vessel has operated for Petrobras for several years and is under contract with this client. The work scope of the contract is similar to that of other PLSVs which Subsea 7 operates offshore Brazil, comprising project management, engineering and installation of flowlines, umbilicals and equipment supplied by Petrobras. 

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