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Subsea7 - News - November 17, 2004

Brazilian Oceanographic Award for Subsea 7

Subsea 7’s Integrated Remote Technology (IRT) group today announced a recent award from Petrobras for the provision of oceanographic services along ten pre-determined Brazilian coastal sites. The award is placed in the region of US$2.5M and began on 1st October 2004 for 550 days with a possible extension of an equal period.

The services provided by Subsea 7 will supply Petrobras with the knowledge of the coastal dynamics at the specified sites for future maritime installation projects. The project will take place within ten shore sites, in water depths to 40 metres, situated between the Brazilian northeast and south coastal regions; five of those sites will have wave and current measurements taken.

Monthly site visits are scheduled for equipment maintenance, oceanographic data retrieval and shore profiling. The job will employ boats of opportunity hired locally in Brazil.

Victor Bomfim, Subsea 7’s Vice President for Brazil commented, “We are pleased to be of service to Petrobras again, remaining as the supplier of choice for oceanographic services in Brazil. This is an interesting job which will provide Petrobras with invaluable information for future projects”.

Ends

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For more information, contact:

Lyndsay Cruickshank on +44 1224 344606

Pat Stephen on +44 1224 344508 or +44 7712 427608

Notes to editors:

1. Subsea 7 is one of the world’s leading subsea engineering contractors. The company has offshore operations supported out of the UK, Norway, Asia Pacific, Brazil, Gulf of Mexico, West Africa, Middle East and the Caspian and employs 3000 world-wide. Subsea 7 has a fleet of remotely operated vehicles (ROVs), four pipeline construction yards and 14 modern, high specification dynamically positioned ships capable of deepwater reeled and flexible pipelay, deepwater subsea construction and saturation diving. Website: www.subsea7.com

2. Petróleo Brasileiro S/A (Petrobras) is an integrated company operating in exploration, production, refining, trading, and transportation of petroleum and its byproducts, at home and abroad. Petrobras is headquartered in the city of Rio de Janeiro, and has offices and administration managers in major Brazilian cities, such as Salvador, Brasilia and São Paulo. Given the new highly competitive scenario of the energy industry, Petrobras has taken a new stance toward the future, using the most modern management tools. Website: www2.petrobras.com.br/ingles/index.asp



 


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