Subsea 7 Bags $250M Extension for 3 PLSVs in Brazil

Subsea 7 has been awarded a contract extensions for three pipelay support vessels (PLSVs) currently on long-term day-rate contracts offshore Brazil.

These extensions have a combined value of approximately USD 250 million, the Oslo-listed firm said on Friday.

The firm contract periods for the Seven Waves, Seven Rio and Seven Sun will now end respectively in Q2 2021, Q3 2021 and Q2 2022.

The extensions have been awarded at the same day rates and on the same commercial terms as the original contracts.

Marcelo Xavier, vice-president for Brazil Region, 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.”

Share this article

Follow Subsea World News

Events>

<< Nov 2017 >>
MTWTFSS
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 1 2 3

Underwater Intervention 2018

UI 2018 will draw the industry’s leaders from across the country and around the globe to gather for 3 days of networking…

read more >

OFFSHORE DECOMMISSIONING CONFERENCE 2017

The conference will build upon previous sell-out events and will encompass numerous keynote sessions all focused on the latest decommissioning…

read more >

Subsea Connect Americas

Subsea Connect Americas is the annual gathering for the submarine communications industry operating in North, South & Central America…

read more >

Future Energy Asia Exhibition & Conference (FEA) 2018

The transformation and development of Thailand is a major priority for the government which creates incredible business opportunities…

read more >