Luxembourg-based Subsea 7 has won a $200m contract from Petrobras for its project at the Lula oil field in Brazil.
Under the contract, Subsea 7 will install flexible lines for Petrobras’ projects using construction and flex-lay vessel Seven Seas.
According to Subsea 7, the vessel is equipped with advanced flexible pipe-lay system that has top tension capacity of 430t, and can operate in water depths of up to 3,000m.
Seven Seas has been working for Petrobras since 2013, and will start the new contract as a continuation to the existing one.
The scope of the present contract will be similar to that of other Subsea 7 Pipelay Support Vessels (PLSVs) operating under day-rate contracts in Brazil the company said.
Subsea 7 Brazil senior vice-president Victor Bomfim said: "This new contract for Seven Seas maintains our solid presence in the market for PLSVs in Brazil. We are proud to provide continuous service to Petrobras as it develops its complex oil and gas field’s offshore Brazil."
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By GlobalDataSubsea has been providing Petrobras with remotely operated underwater vehicles and underwater positioning services on-board the platform supply vessel Far Saga, since October 2013.
This is the third major contract that Subsea has secured this year. In March, the company’s contracts with Shell Upstream International Europe were given two-year extensions worth approximately $240m.
Under the extended diving support vessel and remotely operated vehicle support vessel services, Subsea 7 will continue to provide subsea construction, inspection, repair, maintenance and decommissioning services to Shell’s UK offshore fields and facilities.
In February, Woodside Energy has selected Subsea for the Persephone work pack 2 fabrication, subsea installation and diving services project, offshore Australia.
Image: Subsea 7’s Seven Seas will install flexible lines for Petrobras offshore Brazil. Photo: courtesy of Subsea 7.