Subsea 7 (GB:0OGK) has released an update.
Subsea 7 has secured four pipelay support vessel contracts from Petrobras, worth over $1.25 billion, set to commence in 2025, enhancing a long-standing partnership since 1998. The contracts, contributing to the company’s backlog for the second quarter, include three-year terms for the Seven Rio, Seven Cruzeiro, and Seven Sun, and a four-year term for the Seven Waves.
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