Petrobras orders three new pipelay support vessels from Subsea 7

Subsea 7 (Oslo Børs: SUBC) has won three contracts from Petrobras to build and operate three new flexible pipelay support vessels.

Offshore staff

LUXEMBOURG – Subsea 7 (Oslo Børs: SUBC) has won three contracts from Petrobras to build and operate three new flexible pipelay support vessels. Combined value is around $1.6 billion.

Work scope for each of the five-year contracts comprises project management, engineering and installation of flowlines, umbilicals, and equipment to be supplied by Petrobras.

The three new vessels, of similar design to Subsea 7’sSeven Waves, will be constructed at the IHC Merwede shipyard in the Netherlands, and are due to be delivered in 3Q 2016, 4Q 2016, and 2Q 2017.

They are designed to operate in water depths of up to 3,000 m (9,842 ft), and to lay flexible flowlines and umbilicals. Equipment will include a lay system tower with 550 metric ton top tension capability, twin underdeck baskets capable of storing up to 4,000 metric tons (4,409 tons) of flexible flowlines, and two ROVs.

Total cost of the three vessels, including inventories, commissioning and mobilization to Brazil is around $950 million.

7/08/2013

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