KOP to Supply 11 Deepwater Trees to Petrobras

Petrobras has awarded Kvaerner Oilfield Products (KOP) in Brazil a contract for the supply of eleven GLL2000 subsea trees, designed for use in water depths of 2000 meters.

The contract value is estimated to be approximately US $16 million, with all eleven trees scheduled for delivery in 2005. Destined for the Marlim Sul field - offshore Campos Basin - Rio de Janeriro, the production trees will be tied back to Petrobras' new FPSO, P-51. The contract award is also a testament to the credibility KOP has established in the global delivery of deepwater subsea production systems.

Marcius Ferrari, KOP Brazil Sales and Marketing Manager said, "With this order, KOP Brazil has been recognized for its outstanding performance and close cooperation Petrobras. The supply of deepwater production trees is also further confirmation of our continued success in the Brazilian oil and gas industry.