Offshore Brazil PLSV's: Huge Petrobas Contract for SNM

MarineLink.com
Sunday, June 30, 2013
An IHC PLSV: Image courtesy of IHC Caland

Seadrill & SapuraKencana Petroleum Berhad joint entity Sapura Navegação Marítima S.A., Brazil (SNM) awarded US$2.7-billion Petrobas contract to charter & operated 3 newbuild Pipe Laying Support Vessels (PLSV's).

The contract is for a period of eight years with an extension option for an additional eight years and is expected to commence by the second quarter of 2016.  Total revenue potential for the contract is expected to be US$2.7 billion.

The three vessels will be constructed in Holland with IHC Caland and will have the same specifications as SNM's existing orders with the yard.  Total newbuild cost will be approximately US$800mm.

John Fredriksen, Chairman of Seadrill Limited says, "Seadrill, along with SapuraKencana, continues to support the strategic investment in SNM.  The additional vessels bring the total PLSV fleet in the region to 6 units and builds capacity in order to insure that Petrobras has best in class support for their operations.  This long term agreement demonstrates SNM's strong relationship with Petrobras and their industry leading operational performance."
 

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Sapurakencana Wins 3 Petronas Oil blocks

SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

President Pryor Retires from ExxonMobil Chemicals

Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service.

Offshore

Sapurakencana Wins 3 Petronas Oil blocks

SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore

7 Rescued from Sinking Freighter Near Haiti

Seven crewmembers were rescued after their 100-foot coastal freighter began taking on water and sank approximately 45 miles north off of Cap Haitien, Haiti, Friday.

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1126 sec (9 req/sec)