Offshore staff

GEORGETOWN, Cayman Islands –Petrobras has extended its contract with Subsea 7 Inc. covering engineering, fabrication, and installation of both rigid and flexible pipelines on the Brazilian continental shelf to 2010.

The $390-million contract includes an installation campaign of up to 350 km (217 mi) of rigid pipe using either theSeven Oceans or the Skandi Navica. The flexible pipelines will use the Lochnagar.

The first rigid pipeline installation is scheduled between Oct. 2007 and Feb. 2008. It will involve the fabrication and installation of 22 rigid pipelines from 6-in (15 cm) to 12-in (30.5 cm) diameter, totaling 141 km (87.5 mi), in water depths up to 1,500 m (4,921 ft). Fabrication will take place at Subsea 7's spool base in Ubu, Espirito Santo.

07/25/2007

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