By Dominic Chopping

Subsea 7 SA said Friday that it has been awarded a "sizeable" contract from Petroleo Brasileiro SA for a pipelay support vessel offshore Brazil.

The agreement extends an existing contract for the Seven Cruzeiro vessel from February until November 2023, it said.

Subsea 7 defines a sizeable contract as being between $50 million and $150 million.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

February 24, 2023 05:11 ET (10:11 GMT)

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