Petrobras (PBR) , Brazil's national oil and gas company, has awarded Subsea 7 S.A. (SUBCY) a contract for the development of the Búzios 9 field. This field is located approximately 180 kilometers off the coast of Rio de Janeiro, Brazil, in the pre-salt Santos basin at a depth of 2,000 meters. This deal, which is valued at more than $1.25 billion, signifies a win for both companies.Scope of the ContractThe contract includes the engineering, procurement, fabrication, installation and pre-commissioning of 102 ...