$1.25 Billion-Plus Contract Awarded to Subsea7 by Petrobas – Heavy Lift News
31 May 2024

$1.25 Billion-Plus Contract Awarded to Subsea7 by Petrobas

Subsea7 announce the award of a super-major contract by Petrobras, after winning a competitive tender, for the development of the Búzios 9 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.

Subsea7 defines the value of a ‘super-major’ contract as being over $1.25 billion.

The contract scope includes engineering, procurement, fabrication, installation, and pre-commissioning of 102 kilometres of rigid risers and flowlines for the steel lazy wave production system.

Project management and engineering will commence immediately at Subsea7’s offices in Rio de Janeiro and Paris. Fabrication of the pipelines will take place at Subsea7’s spoolbase at Ubu in the state of Espirito Santo, Brazil, and offshore operations are scheduled to be executed in 2026 and 2027.

Yann Cottart, Vice-President Brazil said: “This new award strengthens our diverse portfolio of projects in Brazil and affirms our position as a trusted contractor of Petrobras. Subsea7 looks forward to continuing this strong, collaborative relationship as we work together to successfully deliver the Búzios 9 project.”



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