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PBR Petroleo Brasileiro ADR

14.5993
-0.5707 (-3.76%)
08 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Petroleo Brasileiro ADR NYSE:PBR NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.5707 -3.76% 14.5993 15.12 14.46 15.04 31,687,425 00:58:39

Subsea 7 Confirms Major Contract From Petrobras For Work Offshore Brazil

31/10/2023 2:50pm

Dow Jones News


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By Dominic Chopping

 

Subsea 7 Tuesday confirmed the award of a major contract from Petrobras for the development of the Mero 4 oil field, offshore Brazil.

The Norwegian offshore energy services firm said the contract was announced in redacted form last month and was recorded in its third-quarter 2023 backlog.

The contract includes engineering, procurement, fabrication, installation and pre-commissioning of 76 kilometres of pipework with project management and engineering starting immediately and offshore operations scheduled for 2025 and 2026, it said.

Subsea 7 defines a major contract as one where its share of revenue is over $750 million.

 

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

 

(END) Dow Jones Newswires

October 31, 2023 10:35 ET (14:35 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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