ROVworld Subsea Information

Subsea 7 to Wrap Up GuarĂ¡-Lula by Year-End
Date: Friday, September 19, 2014 @ 08:20:00 EDT
Topic: OFFSHORE NEWS


According to the statement given to Reuters by the Chief Executive Jean Cahuzac, Subsea 7 has managed to bring Guará-Lula problems under control and expects to finish up the work by the end of the year.



After being awarded a $1 billion engineering, procurement, installation and commissioning (EPIC) SURF contract by Petrobras in 2011, Subsea 7 has experienced extensive setbacks and several hundred million dollars cost overruns.
 

Subsea 7s - Seven Oceans Pipelay Vessel
 

Subsea 7







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