Subsea 7 has been awarded a contract worth approximately $200 million 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 of the current one.

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

The contract work scope will be similar to that of other Subsea 7 pipelay support vessels operating under day-rate contracts in Brazil, providing engineering and installation services for client-supplied flowlines, umbilicals and subsea equipment.