Aker gets second deepwater subsea tree call from Petrobras, adds new frame agreement

Petrobras (NYSE:PBR) has entered a frame agreement with Aker Solutions for subsea equipment destined for deepwater presalt field development offshore São Paulo, Santos basin, Brazil.

Offshore staff

RIO DE JANEIRO – Petrobras (NYSE:PBR) has entered a frame agreement with Aker Solutions for subsea equipment destined for deepwater presalt field development offshore São Paulo, Santos basin, Brazil.

At the same time, Petrobras issued a second call-off order to Aker for delivery of subsea equipment toSapinhoá and Lula Nordeste offshore presalt field developments based on a frame agreement signed in 2010.

The new agreement is valued at $800 million and has a scope of work for 60 vertical subsea trees, subsea controls, tools, and spares in the 2014-2018 time period.

Based on the new agreement, Aker says it will expand its facilities in Brazil and that a new subsea equipment manufacturing facility will be established in Curitiba, Parana, 800 km (479 mi) south of Rio de Janeiro to replace the current facility by 2015.

The second call-off from the earlier agreement includes 20 vertical subsea trees, subsea controls, tools, and spares for delivery in the 2013-2015 span.

3/27/2013

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