Subsea 7 gets $200m Petrobras contract extension

Subsea 7 gets $200m Petrobras contract extension

Oslo: Subsea 7 has been awarded a contract worth approximately $200m with a duration of approximately two years. The contract is for the   installation of flexible lines for Petrobras’ projects using Subsea 7’s construction and flex-lay vessel Seven Seas, on a day-rate basis. The vessel has been operating for Petrobras under a similar day-rate contract since 2013 and will commence the new contract in direct continuation to the current one.

The Seven Seas is a vessel capable of operating in water depths up to 3,000 m and is equipped with an advanced flexible pipe-lay system with top tension capacity of 430 tonnes.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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