Petroléo Brasileiro Secures Subsea US$50 Million, Offshore Brazil

Monday, Jul 26, 2010

Petroléo Brasileiro awarded US $50 million to Subsea 7, through its, i-Tech Division for a contract for the provision of ROV and under water positioning survey services onboard a ROV support vessel, operating offshore Brazil. 

Included i-Tech will provide two Centurion QX work-class ROVs under water positioning and survey services onboard the vessel, for a five year term, with option to extend. Expected transportation of the equipment and personnel to the site will begin in the third quarter 2010.

i-Tech’s Manager Director, Bruce Masson, commented: “I am delighted to announce a further award from Petrobras Brazil which further consolidates our position as a primary player in this important growing market sector, both in Brazil and globally.”

"The award allows us to provide additional services encompassing the provision of a number of high precision ROV mounted sensors, including inertial navigation and sound velocity equipment, all of which are linked to a navigation software program to allow the integration of all positioning sensors onboard the vessel.  These services demonstrate our extended capabilities, beyond that which we normally provide in support of our core business." Masson then added.

Source: Red Mist Media