Stolt to lay flexible pipe off Brazil

Nov. 21, 2005
Petroleo Brasileiro SA (Petrobras) has awarded Norway's Stolt Offshore SA a $250 million, 6-year contract to lay flexible flowlines in deep water off Brazil.

Peter Howard Wertheim
OGJ Correspondent

RIO DE JANEIRO, Nov. 21 -- Petroleo Brasileiro SA (Petrobras) has awarded Norway's Stolt Offshore SA a $250 million, 6-year contract to lay flexible flowlines in deep water off Brazil.

Stolt said the contract will start in January 2007. It will use the CS Pertinacia vessel, chartered from Elettra TLC SPA.

CS Pertinacia was built in Italy in 2002 as a cable-lay vessel. At the start of the charter period, the vessel will be converted to allow transport and installation of as much as 2,500 tons of flexible flowlines in water depths reaching 2,000 m. The investment in the ship conversion and in project-specific equipment will be about $55 million.