Subsea 7 Announces Contract for Petrobas in Gulf of Mexico

Subsea 7 Inc, one of the world’s leading subsea engineering and construction companies, announced today that it has been awarded a contract by Petrobras America, a subsidiary of Petrobras (NYSE: PBR/PBRA) for installation works in the deepwater Cascade & Chinook fields in the Gulf of Mexico. The contract is valued in excess of US $50 million.