Flexlife, Petrobras sign memorandum of understanding

Flexlife has signed a memorandum of understanding with Petrobras to develop and provide a new integrity management system and specialized engineering services for its international oil and gas projects offshore.

Offshore staff

ABERDEEN, UK – Flexlife has signed a memorandum of understanding with Petrobras to develop and provide a new integrity management system and specialized engineering services for its international oil and gas projects offshore.

The agreement, Flexlife’s first work in South America, includes the provision of Flexlife’s subsea products and services to maintain and extend asset life, and is the company’s biggest deal to date.

Flexlife Chief Executive Stuart Mitchell said: “This agreement results from Flexlife developing a strong presence in Brazil and we anticipate playing an important role in addressing the challenges of delivering safe production of oil and gas in the deepwater fields. We have a team of engineering, technical and support staff who are all highly experienced in the Brazilian oil and gas market and all of us are very proud to be working with Petrobras. The potential is enormous for us and it is very significant for the future of Flexlife.’’

10/13/2011

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