Subsea 7 pipelay contracts extended
Published by Anna Nicklin,
Assistant Editor
Oilfield Technology,
Subsea 7 S.A. has announced the award of contract extensions for three pipelay support vessels (PLSVs) that are currently on long-term day-rate contracts offshore Brazil.
The firm contract periods for the Seven Waves, Seven Rio and Seven Sun will now end in 2Q21, 3Q21 and 2Q22, respectively. The extensions have been awarded at the same day-rates and on the same commercial terms as the original contracts.
The extensions have a combined value of approximately US$250 million.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/21072017/subsea-7-pipelay-contracts-extended/
You might also like
The surge in gas production and Africa’s path to economic transformation
If African nations can collectively support upstream scalability, midstream connectivity, and downstream certainty, gas production will not merely surge – it will transform the entire continent for the better.