Subsea 7 expects Guará Lula completion by year-end

jueves 11 de septiembre de 2014 03:50 GYT

OSLO, Sept 11 (Reuters) - Oil services firm Subsea 7 has overcome problems at Petrobras' Guará-Lula offshore project in Brazil and expects to complete work by the end of the year, Chief Executive Jean Cahuzac said on Thursday.

The firm has suffered extensive delays at the $1 billion project and has written off several hundred million dollars in expected full-life project losses related to Guará-Lula. (Reporting by Gwladys Fouche; Editing by Balazs Koranyi)