Technip, DOF Subsea JV Inks $250MM Vessel Charter Contract with Petrobras

Technip and DOF Subsea announce that their 50/50 joint venture has been awarded a contract by Petrobras, worth approximately $250 million, for the four-year charter of a new pipelay vessel. The vessel will be used for pipelines installation and retrieval offshore Brazil, at water depths reaching 2,000 meters. The contract includes an option for an additional four-year period.

This vessel will be the first of her kind built and registered in Brazil, and will be fitted with a 200 ton lay tower and a 250 ton crane. She will be able to carry up to 2,750 tons of flexible pipe and umbilicals. This vessel is part of Technip and DOF Subsea's fleet development strategy. She is currently under construction at Aker Promar's yard in Rio de Janeiro, Brazil and will be owned by the Technip/DOF Subsea joint venture.

Under a separate contract, Technip will also provide Petrobras with the engineering and support services for offshore operations of the vessel.