Wellstream to Supply Flexible Risers for Peregrino



Wellstream International Ltd has entered into an agreement with an affiliate of Hydro and Anadarko Petroleum Corporation worth £18m for the supply of twelve 11.5-inch ID flexible risers for the Peregrino project offshore Brazil. These risers will be used to connect subsea pipelines to two wellhead platforms and an FPSO in a water depth of approximately 125m.

The pipes will be partially manufactured in Newcastle before delivery to Wellstream's new Brazilian manufacturing facility in Niteroi where the pipe will be completed for loadout at the adjacent Bardella Base. Delivery of this contract is scheduled for 2nd quarter 2009. CEO Gordon Chapman commented: "We are delighted to have been given the opportunity to supply risers to the Peregrino project and to continue our long-established relationship with Hydro. This project continues to build on Wellstream's excellent track record with international operators working offshore Brazil, and follows the successful execution of projects such as Shell Bijupira/Salema, Devon Polvo, and the ongoing Chevron Frade, which is currently in the manufacturing stage. With the award of Peregrino, Wellstream will have supplied all of the non-Petrobras flexible pipe projects in Brazil to date."

Wellstream International Limited is a wholly owned subsidiary of Wellstream Holdings PLC. The company is a leading designer and manufacturer of bespoke flexible pipeline products, systems and solutions for the oil and gas industry. Its pipeline portfolio includes established product lines such as dynamic flexible risers and static flowlines, for deep and ultra-deepwater environments, in addition to newer products designed for onshore (FlexSteelTM) and high temperature/high pressure products for drilling and service applications. With over 700 employees internationally, Wellstream has offices/facilities in Newcastle upon Tyne, UK, Panama City, Houston and Denver, USA, Calgary, Canada, Rio de Janeiro and Niteroi Brazil and Perth, Australia.

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