Energy project management giants Technip have landed a £430million-plus deal to provide flexible pipes for Petrobras’ Iracema Sul field in Brazil.
The deal, worth in excess of EU500million to the French firm, will see Technip supplying up to 250km of pipes for oil production, gas lift and water and gas injection for the field, in the Santos Basin pre-salt area.
They will also provide related equipment for the Cidade de Mangaratiba FPSO, with engineering and project management for the venture to be conducted at the firm’s base in Rio de Janeiro.
“Technip is honored to participate in such an important and challenging development for Petrobras and for Brazil,” said Frédéric Delormel, Technip’s Executive Vice President and Chief Operating Officer Subsea.
“Thanks to the collaboration of our R&D teams notably in Brazil and France, we are at the forefront of frontier projects and this contract confirms the suitability of flexible pipes for high-pressure and corrosive fluids requirements found in ultra deepwater pre-salt conditions and also reinforces Technip’s leading position in the buoyant Brazilian subsea market, where we have been present for more than 35 years.”
The flexible pipes will mainly be fabricated at Technip’s manufacturing plant in Vitória, with some specifications also being produced at the new manufacturing plant at Açu, Brazil. The first delivery is scheduled for the first half of 2014.