Offshore engineering group Subsea 7 has won two vessel operation contracts offshore Brazil.
The deal worth more than $600million (£371million) covers the operation of two Petrobras’ pipelay support vessels (PLSVs), Seven Mar and Seven Condor, for approximately three years, with operations starting toward the end of 2013 for Seven Mar and in the third quarter of 2014 for Seven Condor.
The work scope of the contract will include project management, engineering and installation of flowlines, umbilicals and equipment supplied by Petrobras.
“Following on from the renewal of contracts for the K3000, Seven Phoenix and Normand Seven, the renewal of contracts for Seven Mar and Seven Condor further strengthens our presence in the day-rate PLSV business segment in Brazil, and we look forward to supporting Petrobras in future developments,” said Victor Bomfim, senior vice president for Brazil at Subsea 7.