Subsea 7 today announced the award of a new Day-Rate contract with Petrobras (Petróleo Brasileiro S/A). The contract, valued in excess of US $110m, is for the exclusive use of Subsea 7’s pipelay vessel, "Lochnagar*" and will run for a period of two years.
Subsea 7’s Lochnagar vessel will support a variety of engineering, field development and life-of-field work for Petrobras' fields along the Brazilian coast including the installation of flexile pipelines and umbilicals; ROV support, testing and commissioning; and inspection, repair and maintenance activities.
"We are delighted to have the opportunity of a new two-year contract with Petrobras. This contract further consolidates our position in the important flexible pipelay market in Brazil." said Victor Bomfim, Subsea 7’s Regional Vice President, Brazil.
Most Popular Articles
From the Career Center
Jobs that may interest you