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Offshore News: Subsea 7 to Wrap Up Guará-Lula by Year-End

Posted on 19.09.2014 - 07:20 EDT in OFFSHORE NEWS by ginamc

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.

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