Subsea 7 Secures Remote Intervention Services Contract from Petrobras

Subsea 7’s i-Tech division secured two awards by Petrobras for remote intervention services with a combined value in excess of US $90 million.

The contract scope is for the provision of two Remotely Operated Vehicles (ROVs) and underwater positioning services onboard two ROV Support Vessels (RSVs), the Toisa Vigilant and the Toisa Valiant. Both vessels will operate offshore Brazil for an initial four-year term with options to extend for up to another four years each.

i-Tech’s Managing Director, Bruce Masson, commented: “We are pleased to be awarded these vessel-based contracts which allow us the opportunity to expand our project offering over that normally afforded onboard drilling units where, offshore Brazil, i-Tech is a leading ROV drill rig support provider. In addition, these two awards further consolidate our collaborative relationship with Sealion Shipping, with whom we already collaborate onboard the RSV Sealion Amazonia and the recently mobilised Toisa Coral.”

Press Release, February 20, 2014; Image: Shipspotting