Subsea 7 secures contract with PetrobrasNews // January 9, 2008
Subsea 7 Inc has announced that it has been awarded a contract by Petrobras America, a subsidiary of Petrobras, for installation works in the Cascade and Chinook fields in the Gulf of Mexico. The contract is valued in excess of US$50 million.
Subsea 7 is to engineer and install 70km of power cables and control umbilicals and fabricate and install 16 jumpers in the Cascade and Chinook fields, located at Block 425 of Walter Ridge area in water depths ranging from 2,300m to 3,000m.
Work will commence immediately with the Project Management and Engineering team located in Subsea 7ís offices in Houston.
Fabrication of the jumpers will be carried out at Subsea 7ís logistic base in Mobile, Alabama.
The offshore installation campaign will be carried out by one of Subsea 7ís deepwater umbilical installation vessels late 2009 and early 2010.
The final selection of vessel will depend on the size and weight of product to be installed following optimisation by Petrobras and Subsea 7.