Subsea 7 Reels in $15 Million in Offshore Contracts

Subsea 7

Subsea 7's i-Tech has been awarded two contracts with terms of three and five years by Petroleo Brasileiro (Petrobras) for the provision of ROV services onboard two semisubmersible drilling rigs relocating from the US Gulf Of Mexico to work offshore Brazil.

Larsen Oil and Gas has selected i-Tech to provide ROV services for a 2.5 year term onboard a semisubmersible offshore Mexico.

In addition to the awards from Petrobras and Larsen Oil and Gas, i-Tech has also been successful in securing a one year contract for the supply of ROV and tooling services onboard a recently upgraded drill ship for work offshore West Africa and the Mediterranean Sea.

"These awards further consolidate our position as a global provider of ROV and intervention technologies to the offshore drilling industry," said i-Tech Managing Director Neil Milne. "We are particularly pleased that all of these awards are onboard offshore installations new to i-Tech."