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in Oil

Subsea 7 wins new contracts in Brazil

Antoine CHICHAbyAntoine CHICHA
Wed 20 October 2021
Reading Time: 1 min read
sun
Subsea 7 signs long-term contracts with Petrobras for the Seven Waves, Seven Rio and Seven Sun pipelay support vessels (PLSVs), with firm three-year periods and deliveries scheduled by Q4 2022.
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Subsea 7 signs several long-term daily rate contracts with Petrobras. The transaction concerns Seven Waves, Seven Rio and Seven Sun pipelay support vessels (PLSVs), Seven Rio and Seven Sun.

Subsea 7 prepares several vessels

While the entire order will be delivered by the fourth quarter of 2022, each contract comprises a firm three-year period (plus one optional year). What’s more, the contract for each vessel begins at a different time: first quarter for Seven Waves, second for Seven Rio and third for Seven Sun. The ships will first have to undergo some modifications in the shipyard.

Lire aussi:

Impact of bad weather on Black Sea oil exports

Eni and OpenEP: A Strategic Agreement for Italian-Swiss Gas Security

The remaining period of Seven Waves ‘ and Seven Rio’s current contracts with Petrobras will be transferred to Seven Sea. According to Brazilian vice-president Daniel Hiller

“These new contracts reflect our track record in delivering successful PLSV activities in Brazil”.

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