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.

"BC-10 lies in approximately 1,780m of water in the Campos Basin offshore Brazil."

According to Subsea 7, the project has a total duration of about two years.

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By 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.

Energy