Subsea 7 S.A. awarded contract offshore Brazil

Subsea 7 S.A. awarded contract offshore Brazil

Subsea 7 S.A. (Oslo Børs: SUBC) today announced the award of a contract to its i-Tech division valued at approximately US$60 million by Petrobras.

The contract scope is for the provision of ROV’s and underwater positioning services on board the platform supply vessel (PSV) Far Saga operating offshore Brazil for an initial six year term with options to extend for up to another six years.

i-Tech’s Managing Director, Bruce Masson, commented, “We are pleased to be awarded this contract by Petrobras which further consolidates i-Tech’s position as the leading ROV and intervention tooling provider offshore Brazil. This contract will see the first deployment of our new generation Centurion SP work class ROV on board the PSV. The Centurion SP vehicle is one of the most powerful ROV’s currently available in the market, offering a high thrust to weight ratio which is important when working in areas of high currents.”

Source: www.subsea7.com

ISSUERS OF NEWS RELEASES AND NOT OILANDGASPRESS.COM ARE SOLELY RESPONSIBLE FOR THE ACCURACY OF THE CONTENT.
Public relations, press release distribution service, investor relations, SEC filing, regulatory news,upstream, downstream,corporate announcements,technology developments and political news
www.oilandgaspress.com – The ‘one stop shop’ for global Oil and gas press releases!!!

Email: info@oilandgaspress.com to let us know about your events and we’ll list them free of charge

Email: info@oilandgaspress.com to Advertise your company’s services and reach thousands of oil and gas industry executives and professionals

Oil and Gas Press

#FOLLOW US ON INSTAGRAM