WAES Cegal magazine 2024 events 2024 events DAN
Subsea 7 seals $1.25bn pipelay support vessels deal in Brazil

Subsea 7 seals $1.25bn pipelay support vessels deal in Brazil

 

Oslo-listed Subsea 7 has landed a new billion-dollar deal with Petrobras by fixing four pipelay support vessels (PLSVs) from 2025.

The contracts with a combined value of over $1.25bn cover the PLSVs Seven Rio, Seven Cruzeiro, Seven Sun and Seven Waves.

All ships have a history of operating on deepwater developments for Brazil’s state-owned oil giant.

The 2014-built Seven Waves has been contracted for four years while the remaining trio has been fixed for three years.

In May, Subsea 7 won another Petrobras contract worth over $1.25bn for work on the Búzios 9 field development, in the pre-salt Santos basin. offshore operations for this project are scheduled to be executed in 2026 and 2027.

Also last month, Seabras Sapura, a Brazilian joint venture between Malaysian offshore player Sapura Energy and Paratus Energy Services, sealed contracts with Petrobras for a full fleet of six PLSVs worth around $1.8bn.

Read the latest issue of the OGV Energy magazine HERE

Published: 03-06-2024

OGV Energy will use the information you provide on this form to be in touch with you and to provide updates and marketing. Please let us know all the ways you would like to hear from us:

OGV Magazine 80 wellpro