Subsea 7 Inc one of the world's leading subsea engineering and construction companies, today announces the award of a new Day-Rate contract with Petrobras. The contract, valued in excess of US $110m, is for the exclusive use of Subsea 7's pipelay vessel, ‘Lochnagar’ and will run for a period of two years. The Lochnagar is specially designed to lay flexible pipelines at depths of up to 2000 m, with a top tension capacity of 255 t.
Subsea 7's Lochnagar vessel will support a variety of engineering, field development and life-of-field work for Petrobras' fields along the Brazilian coast including the installation of flexile pipelines and umbilicals; ROV support, testing and commissioning; and inspection, repair and maintenance activities.
“We are delighted to have the opportunity of a new two-year contract with Petrobras. This contract further consolidates our position in the important flexible pipelay market in Brazil,” said Victor Bomfim, Subsea 7's Regional Vice President, Brazil.
Read the article online at: https://www.oilfieldtechnology.com/exploration/16112010/petrobras_to_use_subsea_7_pipelay_vessel/