i-Tech Wins More Work from Petrobras

Subsea 7, through its i-Tech division, has been awarded three new contracts valued in excess of $ 18 million from Petrobras.

The three contracts are for work offshore Brazil to provide ROVs onboard three drilling units with an approximate combined term of 10.5 years with options to further extend to a maximum of 3.8 years collectively.

i-Tech's Managing Director, Neil Milne, commented, "These awards further enhance our excellent working relationship with Petrobras and further consolidates our position as the leading provider of ROV services to the E&P sector offshore Brazil".