Oil & Gas

Subsea 7 bags major contract with Petrobras of up to USD 700m

Offshore company Subsea 7 enters a major contract with Brazilian energy company Petrobras for oil field Mero-3. The contract has a value of USD 500-700m, says the company.
Photo: PR/Subsea 7
Photo: PR/Subsea 7
BY DAG HOLMSTAD, SHIPPINGWATCH

British offshore company Subsea 7 has entered what the company describes as "a major contract" with Brazilian energy company Petrobras for oil field Mero-3 in Santos Basin, Brazil.

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