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7/26/2010 - SUBSEA 7 GRABS $50MM CONTRACT FROM PETROBRAS |
| Subsea 7 Inc. inked an approximate $50 million contract from Petrobras for the provision of ROV and under water positioning survey services onboard a ROV support vessel, operating offshore Brazil.
The award will see i-Tech providing two Centurion QX work-class ROVs and under water positioning and survey services onboard the vessel, for a five year, term with an option to extend for a similar term. The company anticipates that mobilization of the necessary equipment and personnel will commence in Q3 2010. |
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