Subsea 7 has been awarded a contract valued around $110m by Shell for the installation of jumpers, umbilicals and associated subsea structures for the BC-10 phase 3 project.
Shell operates the Parque das Conchas (BC-10) project offshore Brazil, in which it holds a 73% interest.
BC-10 lies in approximately 1,780m of water in the Campos Basin offshore Brazil.
Due to start in the first quarter of 2014, Subsea 7 will perform project management and engineering from its offices located in Rio de Janeiro.
The offshore campaign is expected to begin in the third quarter of 2015, using the construction/flexlay vessel the Skandi Neptune.
According to Subsea 7, the project has a total duration of about two years.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Subsea 7 Brazil territory senior vice-president Victor Bomfim said: "We are pleased to have been awarded this important contract and be able to work once again with Shell Brazil, following our contracts for the Bijupirá-Salema and BC-10 phase 1 developments.
"Subsea 7 looks forward to working closely with Shell to successfully deliver the work scope in a safe and timely manner."
The project’s key contractors include BDFT (JV between SBM/MISC), Subsea 7, FMC Technologies, V&M do Brasil, Oceaneering, Transocean/Global Santa Fe and Halliburton.
In January, Shell announced an agreement to sell a 23% interest in the BC-10 project to Qatar Petroleum International for approximately $1bn.
The company said it will continue to operate the project with a 50% working interest and retains a significant upstream presence in Brazil.