Subsea7 announces contract extension in Brazil

Subsea7 today announced a sizeable¹ award by Petrobras for a pipelay support vessel (PLSV) offshore Brazil. The agreement extends an existing contract for Seven Cruzeiro from February until November 2023.

Daniel Hiller, Vice-President Brazil, said: "This extension reflects our track record of delivering successful PLSV activities in Brazil, achieving high standards of safety and a strong operational performance. We look forward to continuing our successful relationship with Petrobras.”

_{⁽¹⁾  Subsea7 defines a sizeable contract as being between USD 50 million and USD 150 million.}