Subsea 7 has won a contract with Petrobras for development of the Mero-3 field off Brazil.
The exact value of the work hasn’t been disclosed, but the “very large” deal is worth between $500m-$750m (£353m – £530m).
Subsea 7 said the Petrobras contract includes engineering, fabrication, installation and pre-commissioning of several components including 80km of rigid risers and flowlines, 60km of flexible service lines and 50km of umbilicals.
It will also be responsible for installation of FPSO mooring lines and hookup.
Project management and engineering will begin immediately at Subsea 7 offices in Rio de Janeiro and Paris.
Fabrication will take place at its spoolbase at Ubu in the state of Vitoria in Brazil.
Offshore operations are scheduled to take place in 2023 and 2024 using a fleet of pipelay vessels.
Marcelo Xavier, Vice-President Brazil said: “This contract builds on our strong, collaborative relationship with Petrobras and track record of executing major EPCI projects globally. Subsea 7 looks forward to working closely with Petrobras to successfully deliver the project.”
Mero-3 lies around 125miles off the coast of Rio de Janerio – at 2,200 metres water depth – in the pre-salt Santos basin.
The Mero 1 FPSO is due to begin start up in 2022 after Covid delays pushed back its timeline from an expected start-up this year.