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Subsea 7 books $500 million Brazil deal
Posted 14.11.2011 11:19:14 av John Bradbury
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Petrobras has awarded Subsea 7 a five year $500 million subsea construction deal which will underpin investment in a new pipelay ship.

Subsea 7 reported today that it has won the five-year deal for a deepwater dedicated flexible pipelay vessel which will be constructed ready for operation in the second half of 2014.

“As a result of this award, Subsea 7 will construct a newbuild flexible pipelay vessel. Total costs, upon delivery, are expected to be approximately $350 million and will be funded entirely from the company’s existing cash resources,” the Luxembourg headquartered contractor declared.

The new flexible pipelayer will be 146 metres (478 feet) long, with a beam of 30 metres (98.4 ft), and it will be fitted with class 2 dynamic positioning, and will be equipped to lay flexibles and umbilicals in water depths up to 3,000 metres (10,000 feet).

Onboard equipment will include a tiltable lay system with a top tension capacity of 550 tonnes, and the ship will also be equipped with two under-deck storage carousels, a deck crane and two work class ROVs.

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