Luxembourg - 13 April 2015 - Subsea 7 S.A. (Oslo
Børs: SUBC) has been awarded a contract worth
approximately USD$200 million with a duration of
approximately two years. The contract is for the
installation of flexible lines for Petrobras'
projects using Subsea 7's construction and flex-lay
vessel Seven Seas, on a day-rate basis. The vessel
has been operating for Petrobras under a similar
day-rate contract since 2013 and will commence the
new contract in direct continuation to the current
one.
The Seven Seas is a vessel capable of operating in
water depths up to 3,000 metres and is equipped
with an advanced flexible pipe-lay system with top
tension capacity of 430 tonnes. The contract work
scope will be similar to that of other Subsea 7
Pipelay Support Vessels (PLSVs) operating under day-
rate contracts in Brazil, providing engineering and
installation services for client-supplied
flowlines, umbilicals and subsea equipment.
Subsea 7's Senior Vice President for Brazil, Victor
Bomfim, said: "This new contract for Seven Seas
maintains our solid presence in the market for
PLSVs in Brazil. We are proud to provide continuous
service to Petrobras as it develops its complex oil
and gas fields offshore Brazil."
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Subsea 7 S.A. is a leading global contractor in
seabed-to-surface engineering, construction and
services to the offshore energy industry. We
provide technical solutions to enable the delivery
of complex projects in all water depths and
challenging environments.
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Contact for investment community enquiries:
Isabel Green
Investor Relations Director
Tel +44 (0)20 8210 5568
isabel.green@subsea7.com
www.subsea7.com
Contact for media enquiries:
Carol Reed
Group Communications Director
Tel. +44 (0)20 8210 5570
carol.reed@subsea7.com
www.subsea7.com
The full release is available on www.subsea7.com
SUBCAwardSevenSeasBrazilFINAL.pdf
