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Subsea7 - News - April 19, 2005

Subsea 7 Announces $70 Million Epic Brazil Contract Award

Global subsea contractor, Subsea 7 today announced an award notification of an EPIC (engineering, procurement, installation and construction) contract from Petroleo Brasileiro S.A. (Petrobras). The contract, valued in excess of US $70M, is for the installation of the Gas Export Pipeline in the Golfinho field, located at Espírito Santo Basin.

The work scope includes engineering, procurement, fabrication, installation and pre-commissioning of a 12” pipeline totaling 68km in length. The installation scope includes pre-lay survey along the proposed route, pipeline installation and full-time ROV monitoring of the touchdown point and a full as-built survey once the pipe has been tested and stabilized. The pre-commission scope consists of flooding, pressure testing, gauging, drying and filling with Nitrogen.

The Golfinho field is located offshore the state of Espírito Santo and operations on this project will take place in water depths up to 1200 meters. The project will be executed, engineered and supported from the Subsea 7 base in Niterói in the state of Rio de Janeiro.

The pipeline spools will be welded and prepared at the Subsea 7 Ubu base in the state of Espírito Santo close to Vitoria, Brazil. Offshore work is due for completion during the first quarter of 2006 utilising the Subsea 7 pipelay vessel Skandi Navica.

Victor Bomfim, vice president of Subsea 7 Brazil, stated “we are proud to be involved in the Golfinho Project, an important new development for Petrobras in the state of Espírito Santo, and the award reflects our commitment to Brazil and, particularly, this important new deepwater oil province”.

Ends
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Subsea 7 Public Relations:
Pat Stephen Tel: +44 1224 344508 or +44 7712 427608
E-mail: pat.stephen@subsea7.com
Lyndsay Cruickshank Tel: +44 1224 344606
E-mail: lyndsay.cruickshank@subsea7.com

Notes to editors:
With a workforce in excess of 3000 people worldwide, Subsea 7 is one of the world’s leading subsea engineering contractors. The company’s global offshore operations are supported out of Asia Pacific, Brazil, Gulf of Mexico, Norway, UK and West Africa. Subsea 7 has more than 100 remotely operated vehicles (ROVs), four pipeline construction yards and a fleet of modern, high specification dynamically positioned ships capable of deepwater reeled and flexible pipelay, deepwater subsea construction and saturation diving. Website: www.subsea7.com



 


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