Subsea7 wins new PLSV contract with Petrobras offshore Brazil

Luxembourg-based Subsea7 has been awarded a sizeable contract by Petrobras for a pipelay support vessel to carry out operations offshore Brazil.

The new agreement extends an existing contract for the PLSV Seven Cruzeiro from February 2023 to November 2023.

“This extension reflects our track record of delivering successful PLSV activities in Brazil, achieving high standards of safety and a strong operational performance. We look forward to continuing our successful relationship with Petrobras,” Subsea7 Brazil vice president Daniel Hiller said.

Subsea7 defines a sizeable contract as being between $50 million and $150 million.