Subsea 7 has been awarded a US450million contract by Petrobras for the use of the Seven Pheonix pipelay vessel for five years.
The vessel has operated for Petrobras for several years and is currently under contract with the Brazilian oeprator.
The work scope, based on a date rate and starting from the rhird quarter of this year, will be similar to other pipe lay support vessels Subsea 7 currently operates offshore Brazil.
This includes project management, engineering and installation of flowlines, umbilicals and equipment supplied by Petrobras.