Subsea 7 Gets Contract From Petrobras For Offshore Brazil Project
May 24 2021 - 2:42AM
Dow Jones News
By Dominic Chopping
Subsea 7 S.A. said Monday it has been awarded a very large
contract by Petroleo Brasileiro SA for engineering, fabrication,
installation and pre-commissioning work on the Mero-3 field,
located 200 kilometers (124 miles) off the coast of Rio de Janeiro,
Brazil.
Project management and engineering will start immediately at
Subsea 7's offices in Rio de Janeiro and Paris, with offshore
operations scheduled to be executed in 2023 and 2024.
Subsea 7, a provider of services to the offshore energy
industry, defines a very large contract as being between $500
million and $750 million.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
May 24, 2021 02:42 ET (06:42 GMT)
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