Saipem, Subsea7 argue vessel access, Petrobras leverage ease Brazil SURF concerns
By Flavia Fortes ( June 3, 2026, 17:09 GMT | Comment) -- Saipem and Subsea7 are increasingly relying on offshore installation vessel availability and Petrobras’ buying power as defenses in Brazil against concerns that their proposed transaction would restrict competition in deepwater subsea umbilicals, risers and flowlines (SURF) services. In their latest submission to the Brazilian antitrust authority, the companies argued that Petrobras possesses substantial power to shape competitive outcomes and that offshore installation vessel capacity remains broadly available beyond the parties' own fleets. Saipem and Subsea7 are increasingly relying on offshore installation vessel availability and Petrobras’ buying power as defenses in Brazil against concerns that their proposed transaction would restrict competition in deepwater subsea umbilicals, risers and flowlines (SURF) services....
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