Wellstream get subsea flowline and riser contract with Petrobras
2008.08.19 -
Contracts
Wellstream do Brasil Industria e Servicos Ltda, a wholly owned subsidiary of Wellstream Holdings PLC is pleased to announce the receipt of a 4 year framework agreement from Petroleo Brasileiro SA (Petrobras). The contract covers the procurement of standard 2.5 inch to 9.5 inch flowlines and risers between 2009 and 2012 and has a value in excess of GBP £600 million; representing some 700 nkm(1) of pipe over the 4 year period.
Gordon Chapman, CEO commented: "This contract demonstrates the continued confidence of Petrobras in Wellstream as a preferred supplier and development partner. The contract also underpins our expansion plans for the Niteroi plant and allows us to support the growth ambitions of our customers in Brazil."
"This Frame Agreement is designed to cover standard structures that have been developed for existing fields in water depths up to 2,000 meters. Supply of flexible risers and flowlines for deeper water and specialised projects would represent additional volumes over and above those envisaged by the frame agreement"
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.
