France-based Technip was awarded a 5-year frame agreement
contract from Brazils Petrobras for the supply of around
1,400 kilometers of flexible pipes.
The contract is effective Wednesday, with supply starting in
2013 and orders guaranteed for at least 50% of the total value,
which is currently estimated to be worth around $2.1
The scope of the contract includes the manufacture of over
150 types and diameters of risers, flowlines and associated
equipment and accessories.
Deliveries under this frame agreement will be spread over
the contract period and order intake recognition will progress
as specific work orders are confirmed, the company said.
Flexible pipes for the contract will be produced both at
Technip's existing manufacturing site in Vitoria, and also at
the companys new manufacturing facility under construction in Açu,
Technip said the award underscores the importance of its
investment last year in a second flexible pipe plant in Brazil,
capable of delivering a range of technologically-advanced
flexible pipe products to meet strong demand growth and
evolving technology requirements expected in
the Brazilian market.
This agreement demonstrates the great potential of
flexible pipe solutions to facilitate the development of deeper
and more complex offshore oil and gas fields worldwide,
said Frédéric Delormel, executive vice president
and chief operating officer of Technips subsea
This frame agreement reinforces our leadership in
flexible pipes and the subsea industry overall, where we have a
unique vertically integrated offer for our clients, combining a
global footprint, proprietary R&D and technology, substantial engineering
resources, manufacturing plants and a fleet of state-of-the-art
vessels, he added.