Subsea 7 has secured two new contracts from Petrobras with a combined value in excess of USD 600 million. The contracts are for the charter of Pipelay Support Vessels (PLSVs) Seven Mar (pictured) and Seven Condor for a period of approximately three years. Operations are scheduled to commence towards the end of 2013 for Seven Mar and in the third quarter of 2014 for Seven Condor.
Both vessels have worked for Petrobras for several years. The work scope for the new contracts will comprise project management, engineering and installation of flowlines, umbilicals and equipment supplied by Petrobras.