Wednesday, September 5, 2007

Petrobras taps Technip for subsea work off Brazil

Petroleo Brasileiro SA (Petrobras) has awarded three contracts totaling $270 million to France's Technip for pipeline work in deepwater developments off Brazil.

The first contract covers engineering, procurement, installation, and commissioning of a rigid flowline that will connect Canapu oil and gas field to the Ciadade de Victoria floating production, storage, and offloading vessel anchored in 1,400 m of water. This 21-km flowline will be the first application of pipe-in-pipe (PIP) technology for subsea gas transportation in Brazil. Technip's Deep Blue deepwater pipelay vessel will install the flowline during fourth quarter 2008.

Technip's operations and engineering center in Rio de Janeiro will execute these contracts. The flexible pipes will be manufactured by Flexibras, one of the Group's flexible pipe plants in Vitoria, Brazil.

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