DOW JONES NEWSWIRES
Norwegian seabed-to-surface engineering contractor Subsea 7 S.A.
(SUBC.OS) said Wednesday it has been awarded a $200 million Subsea,
Umbilicals, Risers and Flowlines (SURF) contract from Petroleo
Brasileiro S/A (PBR) on Campos Basin, 80km from the Brazilian
coast.
MAIN FACTS:
-The contract scope includes the management, engineering,
procurement and installation of two rigid oil lines at water depths
of 70 metres, umbilicals and subsea related equipments.
-The subsea layout is comprised by an offshore terminal for oil
temporary storage and offloading (Transfer and Export Offshore
Unit) and two mono-buoys connected to the subsea system (pipeline
and equipment) through flexible hoses and umbilicals.
-Engineering and project management will commence immediately
with offshore operations due to commence in 1H 2013 utilising a
number of Subsea 7's pipelay and construction vessels.
-Shares closed Tuesday at NOK112.90.
-By Dominic Chopping; Dow Jones Newswires; +46-8-5451-3093;
dominic.chopping@dowjones.com