Sevan: SSP Piranema Passes the Test



Following completion of the acceptance testing, Petrobras on Thursday informed Sevan Marine ASA that the SSP Piranema has been accepted. The unit will be deployed on the Piranema Field off the coast of Aracaju, in the state of Sergipe, Brazil, under an 11+11 year charter contract with Petrobras.

"This a major milestone in our long-term relationship with Petrobras," said Jan Erik Tveteraas, CEO of Sevan Marine. "It is a great honor for us to provide the state of Sergipe with its first floating production unit."

Sevan Marine is a Norwegian company listed on Oslo Bors with its own unique technology for floating production, storage and drilling. Sevan's technology is developed for applications in offshore oil and gas field developments. The cylindrical hull form has a significant competitive edge when compared to traditional type floaters. Sevan Marine has offices in Tananger, Arendal, Asker and Trondheim, Norway; Singapore and Rio de Janeiro, Brazil.

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