Subsea 7 Announces PLSV Swap off Brazil
Subsea 7 S.A. said it has reached an agreement with Petrobras to substitute a pipelay support vessel (PLSV) working off Brazil.
The agreement will see the Subsea-7-owned PLSV Seven Mar swapped in for the chartered PLSV Normand Seven in late June.
As a result, Normand Seven will be returned to its owner, Norway-based Solstad Offshore, at the end of its fixed-term charter agreement.
Subsea 7 said there are no other significant changes to its contractual terms and conditions with Petrobras.
