Subsea 7 Awarded Contract Extensions Offshore Brazil

Subsea 7 S.A. has announced the award of contract extensions for three Pipelay Support Vessels (PLSVs) currently on long-term day-rate contracts offshore Brazil. These extensions have a combined value of approximately $250 million.

The firm contract periods for the Seven Waves, Seven Rio and Seven Sun will now end respectively in second-quarter 2021, third-quarter 2021 and second-quarter

Source: www.worldoil.com