Three Subsea 7 pipelayers to work longer offshore Brazil

Subsea 7 has secured contract extensions for three pipelay support vessels on long-term day rate hires offshore Brazil.

Offshore staff

LUXEMBOURGSubsea 7 has secured contract extensions for three pipelay support vessels on long-term day rate hires offshore Brazil.

Combined value of the extensions is around $250 million.

The firm periods for theSeven Waves, Seven Rio, and Seven Sun will now end respectively in 2Q 2021, 3Q 2021, and 2Q 2022.

Subsea 7 points out that the same day rates and commercial terms apply as before.

07/21/2017

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