Petrobras charters Normand Progress

Petrobras has awarded Technip a daily-rate contract worth more than $100 million for a two-year charter of the Normand Progress, a vessel specializing in flexible pipeline installation.

Offshore staff

PARIS -- Petrobras has awarded Technip a daily-rate contract worth more than $100 million for a two-year charter of the Normand Progress, a vessel specializing in flexible pipeline installation. The contract includes engineering and support services, as well as an additional two-year option.

The vessel will be used for the installation and retrieval of flexible pipelines offshore Brazil, at water depths reaching 2,000 m (6,562 ft). The vessel, scheduled for mobilization by year-end, will be fitted with flexible pipelay equipment including a 125-metric ton (138-ton) vertical lay system.

10/22/2008

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