Norway's Subsea 7 has won $1bn more offshore business from Brazil's oil giant Petrobras.



It said it will use three of its ships for engineering, procurement, installation and pre-commissioning work in water depths of up to 2,200 metres at the Guara and Lula fields in the Santos basin.



It must install four 1,900-gt buoys 250 metres below sea level, plus steel risers of 3.9km