Technip Wins Subsea Contract from Petrobras

Technip has been awarded by Petrobras an Engineering, Procurement, Construction and Installation contract valued approximately US$ 210 million. The work is for a subsea pipeline and a free standing hybrid riser (FSHR) for deepwater oil export in the Campos Basin, offshore Rio de Janeiro.

The contract includes the engineering, procurement, manufacturing, installation and pre-commissioning of the oil export system from semi-submersible platform P-52 to PRA-01, a shallow water collection platform, as well as a free standing hybrid riser in 1,800 meters water depth.

Installation of the 56 km-long thermally insulated 18" rigid line and the riser, to be carried out by Technip's deepwater pipelay vessel Deep Blue, is slated for the first quarter of 2007. These operations will be carried out using the J-Lay deployment method in water depths ranging from 100 m to 1,800 m.

Technip's engineering center in Rio de Janeiro (Brazil) will be responsible for the overall project management with the technical support from Technip Offshore UK and Technip USA.

This contract falls within the framework of Campos Basin Oil Outflow and Treatment Plan (PDET), which aims to increase oil flow capacity in Campos Basin by as much as 630,000 barrels per day.