APRIL 9, 2013 — Subsea 7 S.A. has been awarded of a contract worth in excess of $350 million by Petrobras. The contract is for the operation of the Pipe Lay Support Vessel (PLSV) Kommandor 3000 on a day rate basis for five years. Kommandor 3000 will start operations under the contract in 2013. During the year Kommandor 3000 will spend approximately 90 days in dry-dock for maintenance.

The work scope is similar to the vessel's current contract, including project management, engineering and the installation of Petrobras supplied flexible lines and equipment on a day rate basis.

Kommandor 3000 is a construction/flexlay vessel with a purpose built pipelay system to install flexible lines, umbilicals and equipment in up to 2,000 m water depth and with a top tension capacity of 150 tonnes.

Victor Bomfim, Senior Vice President for Brazil, said: "Subsea 7 has one of the most advanced vessel fleets in the world for subsea engineering and construction, and we look forward to supporting Petrobras in future developments."