06-17-08-pu-TECH

Petrobras has awarded Technip and DOF Subsea a $250-million contract for the four-year charter of a new pipelay vessel.

Offshore Staff

PARIS -- Petrobras has awarded Technip and DOF Subsea a $250-million contract for the four-year charter of a new pipelay vessel. The vessel will be used for pipeline installation and retrieval offshore Brazil, in water depths up to 2,000 m (6,562 ft). The contract includes an option for an additional four-year period.

This vessel will be the first of its kind built and registered in Brazil, and will be fitted with a 200-ton (179-metric tons) lay tower and a 250-ton (223-metric tons) crane. The vessel will be able to carry up to 2,750 tons (2,455 metric tons) of flexible pipe and umbilicals.

This vessel is part of Technip and DOF Subsea's fleet development strategy. It is currently under construction at Aker Promar's yard in Rio de Janeiro, Brazil and will be owned by the Technip/DOF Subsea joint venture.

Under a separate contract, Technip will also provide Petrobras with the engineering and support services for offshore operations of the vessel.

06/17/2008

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