Petrobras awards Technip offshore flexible pipelay

Petroleo Brasilerio SA (Petrobras) has awarded a contract to Technip SA for the charter of the Normand Progress vessel for 2 years.

Uchenna Izundu
International Editor

LONDON, Oct. 25 -- Petroleo Brasilerio SA (Petrobras) has awarded a contract to Technip SA for the charter of the Normand Progress vessel for 2 years. The contract includes engineering and support services and an additional 2 year option.

The vessel specializes in flexible pipeline installation. The $100 million-plus contract is a daily rate contract focusing on the installation and retrieval of flexible pipelines off Brazil in water reaching 2,000 m.

"Scheduled to be mobilized by yearend 2008, the vessel will be fitted with flexible pipelay equipment, including a 125-ton vertical lay system," Technip said.

Solstad owns the vessel, and Technip will operate it under a frame agreement.

The contract follows the charter contract for a new Brazilian pipelay vessel that Petrobras awarded to Technip earlier this year.

Contact Uchenna Izundu at uchennai@pennwell.com

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