Technip and DOF have landed a £1.1billion deal to provide new pipelay vessels and operations for Petrobras after winning eight contracts with the Brazilian state oil giant.
The companies’ joint venture will see them constructing four new pipelay support vessels, along with laying flexible pipes for Petrobras over the next four years.
Two of the new vessels will have a 300-ton laying tension capacity and will be built in Brazil using local workers, with the others designed to have a 650 tone tension capacity to allow larger flexible pipes to be laid in Brazil’s pre-salt regions.
“This strategic contract reinforces our subsea leadership in Brazil and our long-term relationship with Petrobras,” said Technip subsea chief Frédéric Delormel.
“We are confident that these new state-of-the-art PLSVs, including two with the most important flexible pipelay tension capacity in the world – 650 tons – will be key assets for our client to successfully achieve its projects offshore Brazil.”
Vard Holdings is to design and build the new PLSVs, which are due to be delivered in 2016 and 2017. The deals with Technip and DOF are set to last for eight years, with a further eight year extension possible.
“The contracts confirm that our co-operation with Technip on the Skandi Vitória and Skandi Niterói have been successful, and reinforces our position as a leading provider of offshore vessels to the Brazilian O&G industry,” said DOF chief executive Mons Aase
“It comes as a result of our long-term focus on the Brazilian market and is an acknowledgment of the expertise of our employees.”
Don’t miss Jeremy Cresswell’s breakdown and analysis of the deal in September’s Energy supplement
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