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| Name | Symbol | Market | Type |
|---|---|---|---|
| Petroleo Brasileiro S.A. Petrobras | BOV:PETR4 | Bovespa | Preference Share |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.08 | 0.22% | 36.24 | 36.20 | 36.31 | 36.48 | 35.76 | 36.16 | 46,921,900 | 22:45:00 |
From Mar 2023 to Mar 2025
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.
1 Year PETROBRAS PN Chart |
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