Subsea7 wins pipeline contract from Petrobras

Dec 20, 2004 01:00 AM

US-Norwegian engineering company Subsea7 signed a $ 250 mm contract with Brazil's federal energy company Petrobras to build its underwater gas and oil transport system in the Campos basin, Subsea said.
Subsea 7 is jointly controlled by Norway's DSND and US engineering company Halliburton.

The system will include the construction of six pipelines to make a 168 km seabed network of 10 and 12-inch pipelines. Construction will start in 2005.
Petrobras had announced in April a 2.7 bn-real ($ 1 bn) oil and gas Campos basin transport plan that included linking the company's six offshore production units to the PRA-1 pumping platform in shallow waters. The six units to be connected will be P-40, P-51, P-52, P-53, P-55 and Roncador-4, which are in some 1,800 m of water, the company said at the time.

Campos basin is the most productive oil field in Brazil, accounting for over 80 % of domestic oil production.

Source: Business News Americas
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