Tuesday, November 11, 2008

Petrobras awards new flexible pipeline installation contract to Technip

Brazil: Petrobras has awarded a two year contract for engineering and support services to Technip.

The contract, for the charter of the ‘Normand Progress’ includes an additional two-year option. ‘Normand Progress, which specializes in flexible pipeline installation, is owned by Norway’s Solstad and Technip would operate the vessel under a frame agreement. The US$100 million contract will focus on the installation and retrieval of flexible pipelines off Brazil.
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