Subsea 7 SA Receives Contracts for Three New-Build PLSVs

Monday, 8 Jul 2013 02:00am EDT 

Subsea 7 SA announced that it has been awarded three contracts from Petrobras with a combined value (at the time of contract signature) of approximately USD 1.6 billion for the construction and operation of three new-build flexible pipe-lay support vessels (PLSVs). The work scope of each of these five-year contracts is similar to that of the PLSVs which Subsea 7 currently operates offshore Brazil, comprising project management, engineering and installation of flowlines, umbilicals and equipment supplied by Petrobras. The three new PLSVs are of similar design to the Seven Waves, and will be constructed in Holland at the IHC Merwede shipyard. The vessels are scheduled to be delivered in the third quarter of 2016, the fourth quarter of 2016 and the second quarter of 2017 respectively. They are designed for operation in water depths of up to 3,000 meters, and will be equipped with a pipe-lay system for installing flexible flowlines and umbilicals, including a Lay System tower with 550 tons top tension capability, twin underdeck baskets capable of storing up to 4,000 tons of flexible flowlines and two ROVs. The total cost of the three vessels, including inventories, commissioning and mobilization to Brazil, is approximately USD 950 million. 

Company Quote

-0.07 -0.70%
26 Dec 2014