Brazil: Subsea 7 Wins Vessel Charter Contract for Petrobras

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 (Petróleo Brasileiro S/A).

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.

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.

Subsea 7 is one of the world’s leading subsea engineering and construction companies offering all the expertise and assets that make subsea umbilical, riser and flowline (SURF) field development possible.

With a multi-national workforce in excess of 5,500 people worldwide, the company’s global offshore operations are supported out of Africa, Asia Pacific, Brazil, North America and the North Sea. Subsea 7 has a fleet of industry leading, dynamically-positioned ships capable of reeled and flexible pipelay, subsea construction and saturation diving and a portfolio of pipeline construction yards worldwide.

The Lochnagar is a pipelay support vessel specifically equipped for the installation of flexible pipelines in up to 2,000m water depth with a top tension capacity of 255t. It has been operating safely in Brazilian waters for a number of years during which time it has built up a six year incident free record.

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Source: Subsea /, November  15, 2010;