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Global Industries Lands $70 Million Contract In Brazil

Published: 30-Sep-2009

Global Industries, Ltd. (Global Industries) said that its Brazil Business Unit has signed a contract with Petroleo Brasileiro S.A. (Petrobras) for diving, ROV and construction services to be performed offshore Brazil, in the areas of Campos, Santos and Espirito Santo basins. The 180-day contract is valued at about $70 million and has an option for an extension of up to six additional months.

John Clerico, Global Industries' chairman and chief executive officer, said: "The project is in line with our long term view and growth strategy in Brazil, as well as our commitment to deliver integrated solutions and quality services to Petrobras."

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