Offshore Support

Subsea 7 awarded new contracts in Brazil

Press Release
19/10/2021 19:19
Subsea 7 awarded new contracts in Brazil Imagem: Divulgation Visualizações: 632 (0) (0) (0) (0)

Subsea 7 today announced a very large1 award by Petrobras for new long-term day-rate contracts for the pipelay support vessels (PLSV) Seven Waves, Seven Rio and Seven Sun. The contracts will be recorded in backlog in the fourth quarter.

 

Each contract comprises a firm three-year period and a subsequent one-year option. Seven Waves will commence the new contract in the first quarter 2022. Seven Rio will commence the new contract in the second quarter 2022. Seven Sun will commence the new contract in the third quarter 2022. Before commencing the new contracts, each vessel will undergo minor modifications requiring a short shipyard stay and modest capital expenditure.

 

The remaining period of Seven Waves’ and Seven Rio’s current contracts with Petrobras will be transferred to Seven Seas which will be deployed to Brazil in 2022.

 

Daniel Hiller, Vice-President Brazil, said: "We value our long-standing relationship with Petrobras and these new contracts reflect well on our track record of delivering successful PLSV activities in Brazil, achieving high standards of safety and a strong operational performance.”

 

1 Combined value between USD 500 million and USD 750 million.

Most Read Today
see see
Offshore Telecommunications
NexusWave: Connected confidence for Seamless Maritime Co...
06/11/24
E&P
ANP launches second phase of GeoMapsANP with new data an...
06/11/24
FATC 2024
From Offshore Production to Energy transition
06/11/24
International Event
2nd Offshore Conference Latin America 2025
06/11/24
ADIPEC
Embracing AI is Critical to a Sustainable and Prosperous...
06/11/24
Agreement
ABNT to Adopt American Petroleum Institute standards in ...
05/11/24
Rio Grande do Norte
Government Discusses Expanding Investments with Brava En...
31/10/24
Results
In the 3rd quarter of 2024, Petrobras produced 2.7 milli...
31/10/24
Innovation
Petrobras will invest BRL 60 million in BRAVO buoy's pha...
30/10/24
Appointment
WPC Energy Appoints First Female Director General (CEO) ...
29/10/24
Map Launch
TN Map of E&P and Offshore Logistics 2024
15/10/24
Campos Basin
FPSO Maria Quitéria starts operating in the pre-salt Cam...
15/10/24
Event
SPE Brazil Turbomachinery, Compressor & Pump Symposium T...
15/10/24
Tenure
Luiz Césio Caetano is the new president of Firjan
15/10/24
International Company News
OMMICA Supports Middle East’s Largest Unconventional Gas...
15/10/24
PPSA
The federal government's oil production reaches 89,000 b...
15/10/24
Wind Energy
In the next decade, the offshore wind industry will incr...
14/10/24
Award
C-Innovation awarded new multi-year IMR contract by bp
14/10/24
Interview
Exclusive interview with Newton Santana, President and D...
14/10/24
International
Petrobras May Participate in the Deep Western Orange Bas...
02/10/24
ANP
Lubricants Market: ANP Releases New Table with Product Codes
02/10/24
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.