Subsea 7 Gets $200 Million Petrobras Contract
April 13 2015 - 3:01AM
Dow Jones News
By Dominic Chopping
Norwegian seabed-to-surface engineering contractor Subsea 7 SA
(SUBC.OS) said Monday it has been awarded a two-year, $200 million
contract from Petrobras (PBR).
The contract covers 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.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter:
@WSJNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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