Subsea 7 Confirms Major Contract From Petrobras For Work Offshore Brazil
31 Oktober 2023 - 3:50PM
Dow Jones News
By Dominic Chopping
Subsea 7 Tuesday confirmed the award of a major contract from
Petrobras for the development of the Mero 4 oil field, offshore
Brazil.
The Norwegian offshore energy services firm said the contract
was announced in redacted form last month and was recorded in its
third-quarter 2023 backlog.
The contract includes engineering, procurement, fabrication,
installation and pre-commissioning of 76 kilometres of pipework
with project management and engineering starting immediately and
offshore operations scheduled for 2025 and 2026, it said.
Subsea 7 defines a major contract as one where its share of
revenue is over $750 million.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
October 31, 2023 10:35 ET (14:35 GMT)
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