Offshore Shipping Online

A publication for the offshore shipping industry published by Clarkson Research

  • Offshore Intelligence Monthly
  • Menu

    Subsea 7 secures contract extensions for PLSVs

    Contracts, Tenders and Rates // July 24, 2017

    Subsea 7 has been awarded contract extensions for three Pipelay Support Vessels (PLSVs) currently on long-term day-rate contracts offshore Brazil. The extensions have a combined value of approximately US$250 million.
     
    The firm contract periods for Seven Waves, Seven Rio and Seven Sun will now end respectively in the second quarter of 2021, third quarter of 2021 and second quarter of 2022.

    The extensions have been awarded at the same day rates and on the same commercial terms as the original contracts.
     

    More articles from this category

    More news