Subsea 7 secures contract extensions for PLSVsContracts, 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.