Subsea7 has secured a “super-major” contract for the event of the Búzios 11 area positioned roughly 180 kilometers (112 miles) off the coast of the state of Rio de Janeiro, Brazil. Subsea7 regards contracts above $1.25 billion as tremendous main.
The corporate mentioned in a media launch that the Brazilian vitality main Petróleo Brasileiro S.A. awarded the contract to Subsea 7 following a aggressive tender.
The contract scope for the sector positioned at a water depth of two,000 meters (6,561 ft) within the pre-salt Santos basin contains engineering, procurement, fabrication set up, and the pre-commissioning of 112 kilometers (69.6 miles) inflexible risers and flowlines system, Subsea7 mentioned.
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Venture administration and engineering will begin instantly at Subsea7’s places of work in Rio de Janeiro, Suresnes, and Sutton, the corporate mentioned. The pipelines shall be fabricated at Subsea7’s spoolbase in Brazil, with offshore actions deliberate for 2027 and 2028.
“This award once more underscores Subsea7’s confirmed experience in delivering advanced, world-scale measurement tasks, reinforcing our robust execution capabilities and dedication to operational excellence and security”, Yann Cottart, Senior Vice President for Brazil and International Initiatives Centre West, mentioned. “With a strong backlog and a various portfolio, we proceed to drive worth for our shareholders whereas additional contributing to Brazil’s improvement”.
Earlier the corporate bagged the engineering, procurement, building, and set up contract for the Ginger venture offshore Trinidad and Tobago. The contract was secured in collaboration with SLB OneSubsea from BP and is valued between $150 million and $300 million.
To contact the creator, e-mail andreson.n.paul@gmail.com
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