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A US $2.1 billion Brazil booking for Technip
 Technip has scooped a frame agreement for supplying deepwater flexible pipelines offshore Brazil with operator Petrobras which could be worth an estimated Us $2.1 billion.
Today the French offshore pipelines contractor said it has won a five year frame agreement with Petrobras covering the supply of around 1,400 kilometres of flexible pipelines and risers with supplies to commencing in 2013.
All of the pipeline construction work will take place in Brazil and Technip said the deal vindicates its decision last year to build a new pipeline plant in Brazil.
“Flexible pipes for the contract will be produced both at Technip's existing manufacturing site in Vitoria, and also at our new manufacturing facility under construction in Açu, Brazil,” the Paris-head-quartered contractor declared.
“This award confirms the strong rationale of the investment announced last year in a second flexible pipe plant in Brazil capable of delivering a range of technologically advanced, high-end flexible pipe products to meet the strong demand growth and evolving technology requirements we expect in the Brazilian market,” Technip stated.
Pipeline orders are guaranteed for at least 50% of the total contract value Technip said, which is currently estimated to be worth around US$2.1 billion.
Technip's new deal – which comes just two days after it announced that it had been selected by Tullow Oil to supply flowlines for the Jubilee phase 1A development offshore Ghana in West Africa – will involve deliveries on up to 150 different pipeline diameters.
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