Subsea 7 scores US$200 million Petrobras contract

Niteroi, Brazil: Subsea engineering and construction company Subsea 7 (OSE: SUB) has been awarded a US$200 million contract from Petrobras for the Tambau Urugua and P-56 developments in the deepwater Santos and Campos Basins offshore Brazil.

The Tambau Urugua field is in the Santos Basin, around 130 kilometers (80.7 miles) southeast of the Rio de Janeiro State coast, in water depths of 1,300 meters (4,265 ft). The P-56 development is in the Campos Basin, 320 kilometers (198.8 miles) east off the Rio de Janeiro State coast in water depths of 1,670 meters (5,479 ft). The Tambau Urugua scope of work is to engineer, install and commission two 12-inch rigid steel 14.5 kilometer (nine mile) long client supplied gas flowlines and associated subsea equipment. The P-56 project scope is to engineer, procure, install and commission two 12-inch rigid steel 13 kilometer (eight mile) long oil export pipelines, connecting the P-56 semisubmersible platform for the P-38 floating production, storage and offloading vessel, and one 10-inch rigid steel 8.6 kilometer (5.3 mile) gas export pipeline from the P-56 platform to the P-51 semisubmersible platform. Subsea 7 will supply the pipelines and pipeline end terminations. The offshore pipeline installation campaign will take place during 2010, carried out by one of Subsea 7’s pipeline installation vessels.

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