Norwegian subsea engineering company Subsea 7 is primed to start a long-term pipelay deal worth $250 million with Brazil’s Petrobras.
The contract is for the exclusive use of the pipelay vessel Normand Seven for a period of four years, starting in the third quarter of 2009.
The Normand Seven is a state-of-the-art pipelay vessel fitted with an advanced flexible pipelay system capable of operating in water depths of up to 2000 metres. It joined the Subsea 7 fleet immediately after commissioning in 2007 and has worked continuously in Brazil since that time, primarily supporting Petrobras in the development of the Roncador field in the Campos basin.
“Subsea 7 has a tremendous track record of successful and safe project execution for Petrobras built up over a number of years,” Subsea 7’s Brazilian vice president, Victor Bomfim, said today.
