October 1, 2009 (FinancialWire) — Global Industries, Ltd. (NASDAQ: GLBL) said that its Brazil business unit has signed a contract with Petroleo Brasileiro S.A., or 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 around $70 million and has an option for an extension of up to six additional months.

Carlyss, Louisiana-based Global Industries provides offshore construction, engineering, project management and support services to the oil and gas industry worldwide.

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