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Brazil's deepwater conditions raise unique concerns on Subsea7–Saipem merger

By Maria Júlia Baumert ( September 24, 2025, 21:38 GMT | Comment) -- The proposed merger between Subsea7 and Saipem, two of the world’s leading offshore engineering firms, faces antitrust scrutiny globally, but the stakes are particularly high in Brazil because of the limited number of companies that are able to drill in the country’s extreme conditions. The country’s deepwater oil frontier, anchored by Petrobras and the pre-salt basin, creates a market environment that is structurally distinct from other jurisdictions due to the need for specific equipment.The proposed merger between Subsea7 and Saipem, two of the world’s leading offshore engineering firms, faces antitrust scrutiny globally, but the stakes are particularly high in Brazil because of the limited number of companies that are able to drill in the country’s extreme conditions....

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