Technip and DOF awarded newbuild PLSV contracts
A joint venture of Technip and DOF will supply four new pipelay support vessels to Petrobras for flexible pipe installation offshore Brazil.
The JV was awarded a total of eight contracts covering the design and construction of the four pipelay support vessels (PLSVs), which will be carried out by Vard Holdings Limited at its yards in Brazil and Europe.
Delivery of the PLSVs is scheduled for 2016-2017. Contracts will last eight and could be renewed for another eight-year period.
Technip will earn about $1.8 billion in the deal, while DOF said its share would be about $1.7 billion.