Subsea 7 wins Petrobras long-term pipelay contract

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normand seven

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.

www.upstreamonline.com

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