Subsea 7 Wins More Brazil Work for PLSVs

UK-based oilfield services Subsea 7 reported Monday that it had won two contracts with a combined value in excess of $600 million to provide pipelay support vessels (PLSVs) to Petrobras.

The contracts will see the PLSVs Seven Mar and Seven Condor operating for Petrobras on a day-rate basis for approximately three years, with operations starting toward the end of 2013 for Seven Mar and in the third quarter of 2014 for the Seven Condor.

The contracts are effectively an extension, since both vessels have operated for Petrobras for several years and are currently under contract to the firm. The work scope comprises project management, engineering and installations of flowlines, umbilicals and equipment supplied by Petrobras.

Petrobras' senior vice president for Brazil, Victor Bomfim, commented in a company statement:

"Following on from the renewal of contracts for the K3000, Seven Phoenix and Normand Seven, the renewal of contracts for Seven Mar and Seven Condor further strengthens our presence in the day-rate PLSV business segment in Brazil, and we look forward to supporting Petrobras in future developments."

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  First Workers Complete New Industry Tr... (Mar 29)
 -  Mexico, UK Strengthen Ties with 5-Day ... (Mar 29)
 -  Sparrows Group Teams in Australia to D... (Mar 28)
 -  INPEX to Reorganize Natural Gas Busine... (Mar 28)
 -  Scottish Offshore Service Provider Pra... (Mar 28)


Most Popular Articles

From the Career Center
Jobs that may interest you
Field Engineer/ Analyst
Expertise: Field Service Tech
Location: Houston, TX
 
Pump Operators - Von Ormy
Expertise: Coil Tubing
Location: San Antonio, TX
 
SOLIDS CONTROL TECH - NORTH DAKOTA
Expertise: Heavy Machinery Operator|Mud Engineer / Drilling Fluids
Location: North Dakota, United States, ND
 
search for more jobs

Brent Crude Oil : $51.33/BBL 1.14%
Light Crude Oil : $48.37/BBL 1.34%
Natural Gas : $3.1/MMBtu 1.63%
Updated in last 24 hours