Subsea 7 S.A. announced the award of a supermajor contract by Petrobras, following a competitive tender, for the development of the Sépia 2 field located approximately 280 kilometres southeast of Rio de Janeiro, Brazil, at a water depth of 2,170 metres in the pre-salt Santos Basin. The contract scope includes engineering, procurement, fabrication, installation, and pre-commissioning of subsea umbilicals, risers and flowlines (SURF) for 17 wells, including two wells from Sépia 1 project, and one gas export line with 18 risers. Project management and engineering will commence immediately at Subsea7?s offices in Rio de Janeiro, Paris and Sutton, with offshore operations scheduled to be executed from 2029.
Subsea7 defines a supermajor contract as being over $1,250 million.
