Offshore energy player Subsea7 secures a super-major contract in Brazil, as the company has unveiled a huge new offshore contract worth more than $1.25 billion.
Subsea 7 has announced the award of a contract by Petrobras, after winning a competitive tender, for the development of the Búzios 11 field located approximately 180 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,000 metres water depth in the pre-salt Santos basin.
The signed contract work includes engineering, procurement, fabrication, installation, and pre-commissioning of 112km rigid risers and flowlines system, as the company informs.
Project management and engineering will commence immediately at Subsea7’s offices in Rio de Janeiro, Suresnes and Sutton.
Fabrication of the pipelines will take place at Subsea7’s spoolbase in Brazil, and Offshore activities are scheduled for 2027 and 2028.
“This award again underscores Subsea7’s proven expertise in delivering complex, world-scale size projects, reinforcing our strong execution capabilities and commitment to operational excellence and safety,” says Yann Cottart, Senior Vice-President Brazil and Global Projects Centre West, who adds that “With a solid backlog and a diverse portfolio, we continue to drive value for our shareholders while further contributing to Brazil’s development. We thank Petrobras for their trust and look forward to once again playing a significant role in the success of the Búzios field.”
