Subsea 7 Wins New Contracts in Brazil
Petrobras has awarded Subsea 7 three contracts with a combined value in excess of USD 300 million. The scope of work comprises the installation of flexible lines by the Seven Seas, under two lump sum contracts and one day rate contract.
The lump sum contracts encompass the installation of two export flexible Lazy Wave Risers at the Sapinhoa and Lula NE fields in the Santos Pre-Salt Basin in water depths of approximately 2100 meters. The day-rate contract encompasses the project management, engineering and installation of Petrobras-supplied flowlines and umbilicals. Operations will commence in 2013.
Picture: The Seven Seas (from Subsea 7)