i-Tech Announces Contract Award from Petrobras International
2010.11.11 -
Contracts
Subsea 7 Inc. (OSE Symbol: SUB), through its i-Tech division, today announced an award by Petrobras International for the provision of remotely operated vehicle (ROV) services onboard a new build ultra-deepwater drillship. The contract is valued at US $18m.
The initial contract term is five years, which can be extended by a similar term. Offshore works are scheduled to commence during the 3rd quarter of 2011 in the Gulf of Mexico. The drillship will be used for global drilling operations.
For this contract, i-Tech will provide a new build 150hp Quantum work-class system, capable of working in water depths of up to 4,000msw. The garaged tether management system, containing the ROV, will be deployed using a rail guided launch and recovery system, designed to operate to the same environmental parameters as the drillship.
i-Tech's Managing Director, Bruce Masson, commented: "I am very pleased to announce this award from Petrobras International following our recent significant awards from Petrobras for operations, offshore Brazil. Our operations team based in Houston are already preparing for the arrival of the vessel and with our international reach we will be able to effectively support the drillship when it is allocated to other areas worldwide."
Cameron (NYSE: CAM) has signed a three-year worldwide preferred supplier agreement with Schlumberger Integrated Project Management (IPM) for the supply of a wide range of flow equipment products and services. As part of the agreement, Cameron will provide Schlumberger IPM with all surface, subsea, drilling, measurement, compression and downstream equipment on a worldwide basis.
ClampOn has been awarded a contract for delivery of five subsea ClampOn DSP Leak Monitors to the Tampen Link project in the Norwegian sector in the North Sea (Sept 07). ClampOn will supply its ultrasonic non-intrusive acoustic Leak Monitors to Technip Norge AS on behalf of Statoil. The Leak Monitors will be retrofitted on two 20” gas valves on the seabed to verify/disprove through-valve gas leakage. These valves are currently open and they will be shut to close off the bypass alternative.
Helix Energy Solutions (NYSE: HLX) announced today that it has received a Letter of Intent ("LOI") for the installation of the subsea infrastructure for the VIC/P44 Stage 2 Development project in the Otway Basin offshore Australia. Participants in the VIC/P44 permit are Santos Limited (Operator) 50%, Peedamullah Petroleum Pty Ltd (Australian Worldwide Exploration) 25% and Mitsui E&P Australia Pty Ltd. 25%.
Velosi Limited Velosi or the Group, a provider of asset integrity and HSE services to a number of major national and multinational oil and gas companies, is pleased to announce that it has been re-awarded a contract from Mobil Producing Nigeria, for the next three years with an option to extend for a further one year.
Fugro has been awarded a contract to perform a detailed marine survey in the Mediterranean Sea to select the best route for the GALSI gas pipeline from Algeria to Southern Sardinia and then from Northern Sardinia to the mainland of Italy. The contract value is approximately EUR 18 million.
