Subsea 7 has been given an extension by Petrobras for three pipelay support vessels in Brazil worth a combined $250 million.
The firm said that the contract periods for the Seven Waves, Seven Rio and Seven Sun will now end respectively in Q2 2021, Q3 2021 and Q2 2022.
According to Subsea 7 the extensions have been awarded on the same day rates and on the same commercial terms as the original contracts.
Marcelo Xavier, vice-president for Brazil Region, said: “These contract extensions reflect our long-standing relationship with Petrobras. We are focused on delivering a safe and reliable performance. We have the right capability and capacity in Brazil to meet our clients’ needs.”