Subsea 7 has won a $450m contract from Petrobras for its Pipe Lay Support Vessel (PLSV), Seven Phoenix, in Brazil.
The contract is for the operation of the PLSV Seven Phoenix on a day rate basis for five years, with operations starting in the third quarter of the year.
The scope of work for the PLSV comprises project management, engineering and installation of flowlines, umbilicals and equipment supplied by Petrobras.
Subsea 7 Brazil senior vice president Victor Bomfim said, "This contract further strengthens our presence in the day-rate PLSV business segment in Brazil, and we look forward to supporting Petrobras in future developments."
Seven Phoenix vessel has operated for Petrobras for several years and is currently under contract with the client.