Petrobras has let four day-rate contracts to Subsea 7 SA for pipelay support vessels (PLSVs) commencing in 2025.
The contracts have a combined value of over $1.25 billion and will be recorded in the backlog in this year’s second quarter, the service provider said in a release June 1.
The contracts for Seven Rio, Seven Cruzeiro, and Seven Sun comprise a firm 3-year period while the award for Seven Waves comprises a firm 4-year period.