Subsea 7 Gets Petrobras Contract Offshore Brazil

Thursday, May 27, 2010

Subsea 7 Inc. (OSE Symbol: SUB), through its i-Tech division, announced the largest single contract award to i-Tech since the formation of the division in January 2006.  The award from Petroléo Brasileiro S/A (Petrobras) is for the provision of ROV and intervention tooling services onboard a minimum of 20 and a maximum of 30 offshore drilling units.  The contract value is estimated at a minimum of $250m with the potential for up to $405m, dependent upon the number of units awarded and the number of personnel deployed. 
 
i-Tech will provide a newly designed ROV based on its successful Centurion QX work-class ROV.  The ROV systems will be mobilised in Brazil onboard rigs currently on hire to Petrobras and onboard a number of new build rigs. Engineering and installation support teams will be based in Brazil, UK and Asia-Pac.  The contract duration for each ROV ranges from a minimum of five, to a maximum ten years, with the option to extend the contract for each ROV at the end of the initial term.
 
As a result of the award, i-Tech’s Brazilian onshore and offshore workforce has the potential to double over the next three years.

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Nautilus Awards Contract for Dewatering Plant Design

Nautilus Minerals Inc. has awarded a contract for the design of the Solwara 1 dewatering plant to be used on the company’s production support vessel to the Brisbane

CWind Supports Ballast Nedam at Butendiek OWF

CWind, a provider of integrated services to the wind industry, announced today that it is providing corrosion protection services to Ballast Nedam at Butendiek Offshore Wind Farm (OWF).

Sea Trucks Returns to the Gulf of Mexico

Offshore installation services provider Sea Trucks Group announced it has been awarded a charter contract for its accommodation construction vessel Jascon 31 to operate in the Gulf of Mexico,

Offshore

Mexico to Postpone Deep Water Auction

Mexico, which has started to open its nationalized oil industry to additional private investment, will postpone auctions for deep-water oil exploration and production

Oregon Bridge Danglers Hope to Delay Shell's Arctic Drilling

Protestors rappelled off a bridge in Portland, Oregon on Wednesday hoping to delay Royal Dutch Shell's Arctic oil exploration this summer by blocking the return

CWind Supports Ballast Nedam at Butendiek OWF

CWind, a provider of integrated services to the wind industry, announced today that it is providing corrosion protection services to Ballast Nedam at Butendiek Offshore Wind Farm (OWF).

 
 
Maritime Security Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1147 sec (9 req/sec)