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Petrobras awards Technip/DOF Subsea JV ~$3.5bn in contracts for four new pipelay support vessels; ultra-deep water capabilities
13 August 2013
Petróleo Brasileiro S.A. (Petrobras) has awarded the joint venture formed by Technip (50%) and DOF (50%) has eight contract covering the construction of four new pipelay support vessels (PLSVs) and operation in Brazilian waters to install flexible pipes. The combined value for Technip is approximately €1.35 billion (US$1.8 billion). The combined value for the DOF Group is approximately NOK 10 billion (US$1.7 billion) .
Vard Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, will be in charge of the design and construction of the four PLSVs.
The contracts constitute the largest order in VARD’s history, with an aggregate order value of approximately US$1.1 billion (NOK 6.5 billion). Two of the vessels, of VARD 3 05 design, will be delivered in 2Q 2016 and 3Q 2016 respectively. The hulls of these vessels will be built at Vard Tulcea in Romania and outfitted at Vard Søviknes in Norway. The other two vessels, of VARD 3 16 design, will be delivered from Vard Promar in Brazil, in 4Q 2016 and 2Q 2017 respectively.
Two of the PLSVs will have a 300-ton laying tension capacity and will be fabricated in Brazil with a high national content. The other two vessels will be designed to achieve a 650-ton laying tension capacity, thus enabling the installation of large diameter flexible pipes in ultra-deepwater environments, such as the Brazilian pre-salt.
The new designs have been developed in close cooperation with DOF and Technip. The Norwegian built vessels will carry the pipe lay towers rated at 650 tons, among the largest ever in the industry. At 340 tons, the Brazilian built vessels will be among the most complex vessels ever constructed in Brazil. Topside equipment for all four ships will be delivered by Huisman of the Netherlands.
|Renderings of the Vard 3 05 and Vard 3 16 pipelay vessels. Click to enlarge.|
Under the Technip/DOF joint venture agreement, Technip will manage flexible pipelay and DOF will be responsible for marine operations. Delivery of the PLSVs is scheduled for 2016-2017. Contracts will last eight years from start of operations, and could be renewed for another eight-year period.
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