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Offshore Brazil Contract for PLSV 'Kommandor 3000'

Subsea 7 S.A. has been awarded a contract by Petrobras worth in excess of U$350 million for operation of the Pipe Lay Support Vessel (PLSV). The contract is on a day rate basis for five years. Kommandor 3000 will start operations under the contract in 2013 (Subsea 7 note that during the year this vessel will spend approximately 90 days in dry-dock for maintenance). The work scope is similar to the current contract…