Subsea 7 Wins Five-Year Contract for Provision of Flexible Pipelay Vessel in Brazil

Subsea 7 S.A.  announced today the award of a five year contract by Petrobras for the provision of a dedicated deepwater flexible pipelay vessel for operations offshore Brazil commencing H2 2014. The estimated contract value is approximately $500 million.

As a result of this award, Subsea 7 will construct a newbuild flexible pipelay vessel. Total costs, upon delivery, are expected to be approximately $350 million and will be funded entirely from the Company’s existing cash resources.

The new vessel will have an overall length of 146 meters, a beam of 30 meters and a Class-2 dynamic positioning system. She will be equipped for transporting and installing flexible flowlines and umbilicals in water depths of up to 3,000 meters including: a Tiltable Lay System with a toptension capability of 550 tonnes, two under-deck storage carousels, a large deck crane and two work-class remotely operated vehicles. Delivery is planned for H2 2014.

Source: Subsea 7, November 14, 2011

Share this article

Follow Subsea World News

Events>

<< Jan 2017 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Oil & Gas IP Summit

The conference will cover areas like Evaluating Best Practice Techniques for IP Portfolio Management and Innovation Strategies,Collaborative…

read more >

European Gas Conference 2017

In recent years the gas market has undergone tremendous shifts with the emergence of new supply sources, the comeback of coal in the power…

read more >

Well Control – Subsea Engineer Programme

The Training Academy’s IADC accredited Subsea Engineer Programme (SSEP) has been recognized by the industry’s major drilling contractors…

read more >

Offshore West Africa 2017

Offshore West Africa 2016 brought together a record-breaking attendance of oil & gas professionals, creating a vibrant networking experience,…

read more >