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.
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Published: 03-06-2024