Subsea 7 S.A. awarded contract offshore Brazil

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





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."






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.






Contact for investment community enquiries:


Isabel Green


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Tel +44 (0)20 8210 5568




Contact for media enquiries:


Carol Reed


Group Communications Director


Tel. +44 (0)20 8210 5570




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