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03 AUG 2026 MONDAY
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Offshore engineering and services player Subsea 7 has won a contract from Brazil’s state-owned giant Petrobras for the development of the Sépia 2 field. The Sépia 2 field is located approximately 280 km southeast of Rio de Janeiro, at a water depth of 2,170 metres in the pre-salt Santos Basin. The field is one of the largest pre‑salt expansion phases, playing a central role in Brazil’s energy development. The contract scope, won after a competitive tender, includes engineering, procurement, fabrication, installation, and pre-commissioning of subsea umbilicals, risers and flowlines for 17 wells, including two wells from the Sépia 1 project, and one gas export line with 18 risers. Project management and engineering will commence immediately at Subsea 7’s offices in Rio de Janeiro, Paris, and Sutton, with offshore operations scheduled to begin in 2029. No exact financial details were disclosed. However, Subsea 7 described it as a supermajor contract, worth over $1.25bn. “This award strengthens Subsea7’s portfolio of projects in Brazil and reinforces our established relationship with Petrobras in the pre-salt,” said Yann Cottart, SVP of Brazil and Global Projects Centre West. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsBrazil Norway
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news Splash247 ·2026-04-10

Subsea 7 adds $1bn-plus Brazil project to backlog

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