Petrobras Sticks With Subsea 7 For Pipelay Support Vessels
Subsea 7 has secured contract extensions, valued at about $250 million total, for three pipelay support vessels on long-term day-rate contracts offshore Brazil, the company said in a news release.
The firm contract periods for the Seven Waves, Seven Rio and Seven Sun will end, respectively, in second-quarter 2021, third-quarter 2021 and second-quarter 2022. The day rates and commercial terms are the same as stipulated in the original contracts, Subsea 7 said.
Mermaid Lands Contracts Offshore Indonesia, Middle East
Mermaid Maritime Public Co. Ltd. said it was recently awarded two subsea contracts with a combined estimated value of $4.6 million.
Work for the one contract, which was awarded by an engineering, procurement, construction, installation and commissioning contractor in the Middle East, involves a short ROV campaign for pipeline touchdown monitoring. The job is set to begin in third-quarter 2017.
The other contract will begin in fourth-quarter 2017. The work entails use of a diving vessel with work class ROV carrying out a subsea services project offshore East Kalimantan, Indonesia, for a global upstream oil and gas company.
—Staff Reports
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