Subsea 7 today sealed a contract extensions for three pipelay support vessels currently working offshore Brazil.
The extensions will generate $250million for the Luxembourg-registered firm.
The Seven Waves, Seven Rio and Seven Sun vessels will earn the same day rates that were awarded in the original contracts.
Marcelo Xavier, vice-president for Brazil, Subsea 7, said: “These contract extensions reflect our long-standing relationship with Petrobras.
“We are focused on delivering a safe and reliable performance. We have the right capability and capacity in Brazil to meet our clients’ needs.”