Subsea 7 Announces Contract Award on Sul Capixaba Pipeline Project

Monday, March 31, 2008

Subsea 7 Inc. announced that it has been awarded a contract valued in excess of $200m by Petrobras (Petroleo Brasileiro S/A) for an EPIC contract, in the offshore . The contract will involve the design, engineering, procurement, fabrication and installation of the 78 km Sul Capixaba 12" Export Gas Pipeline and end termination assembly in the Jubarte field.  The project also involves the execution of a horizontally drilled shore approach and pre commissioning.  The gas export pipeline will eventually connect the FPSO P-57 in the deepwater Jubarte field to the Petrobras onshore installation in Anchieta, Espirito Santo. The offshore pipeline installation campaign will take place during 2009 and will be carried out by one of Subsea 7's pipeline installation vessels.  The project will be completed during 2010.All engineering and project management work will be conducted at Subsea 7's offices, in , , and the fabrication of the rigid pipeline will be carried out at Subsea 7 spoolbase .

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