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

Contracts

MHPS's DeNOx System For Power Plant in Poland

Mitsubishi Hitachi Power Systems (MHPS) has received an order from ENEA Wytwarzanie S.A., a power producer in Poland, for two sets of selective catalytic reduction

Specialised Reefer Container Operators can Thrive: DMR

Despite growing competition from container lines, specialised reefer operators can still thrive, according to Drewry’s latest Reefer Shipping Market Annual Review & Forecast,

Voith Hydropower Equipment for Thailand's Storage Plant

Voith has been awarded a new contract to supply the complete electromechanical equipment for a pumped storage power plant in Thailand. The order for the extension

Offshore

Nigerian Minister Pledges $1.3 bln for Power Companies

Nigeria's oil minister announced a 213 billion naira (1.3 billion US dollar) bail-out package for power companies on Saturday, nearly a year after the sector was privatised.

Rosneft says Exxon Still Continues to Work With it in Arctic

Russia's biggest oil producer Rosneft said on Saturday that Exxon Mobil was still continuing exploration drilling at their joint project in the Arctic Kara Sea.

EMGS - New Contract in the Norwegian Sea

Electromagnetic Geoservices ASA (EMGS) announced an agreement from Statoil Petroleum AS for the Norwegian Sea. EMGS has now received a new contract from another oil and gas company worth USD 1.

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators 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: 0.0895 sec (11 req/sec)