Subsea 7 announced the award of a super-major contract1 by Petrobras, after winning a competitive tender, for the development of the Búzios 11 field located approximately 180 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,000 metres water depth in the pre-salt Santos basin.

The contract scope includes engineering, procurement, fabrication, installation, and pre-commissioning of 112km rigid risers and flowlines system.

Project management and engineering will commence immediately at Subsea7’s offices in Rio de Janeiro, Suresnes and Sutton; Fabrication of the pipelines will take place at Subsea7’s spoolbase in Brazil, and Offshore activities are scheduled for 2027 and 2028.

Yann Cottart, Senior Vice-President Brazil and Global Projects Centre West said:

"This award again underscores Subsea7’s proven expertise in delivering complex, world-scale size projects, reinforcing our strong execution capabilities and commitment to operational excellence and safety.

"With a solid backlog and a diverse portfolio, we continue to drive value for our shareholders while further contributing to Brazil’s development. We thank Petrobras for their trust and look forward to once again playing a significant role in the success of the Búzios field."

(1). Subsea7 defines a super-major contract as being over $1.25 billion.

About Subsea7

Subsea7 is a global leader in the delivery of offshore projects and services for the energy industry.
Subsea7 makes offshore energy transition possible through the continuous evolution of lower-carbon oil and gas and by enabling the growth of renewables and emerging energy.

About Petrobras

Petrobras has upwards of 100 production platforms, 16 refineries, 30,000 kilometers of pipelines and more than 6,000 service stations. Our proved reserves are around 14 billion barrels of oil, a figure expected to double in the next few years. With the discovery of oil and gas in the pre-salt region, Brazil may become the world's fourth biggest oil producer in 2030.