Wellstream Wins Petrobras Contract

Wellstream do Brasil Industria e Servicos Ltda a wholly owned subsidiary of Wellstream Holdings PLC has been awarded a contract from Petrobras valued in excess of £40m for the provision of production flowlines and risers for the Marlim Sul Module 2 (P-51) development offshore Brazil. This contract forms part of Wellstream's 2008 Heads of Agreement with Petrobras currently under negotiation.