TechnipFMC and DOF Subsea Awarded Significant Long-term Contracts by Petrobras
31 Août 2021 - 10:30PM
Business Wire
TechnipFMC (NYSE: FTI) (PARIS: FTI) and its joint venture (JV)
partner DOF Subsea (OSE: DOF) have been awarded significant(1)
long-term charter and services contracts by Petrobras (NYSE: PBR)
for the pipelay support vessels Skandi Vitória and Skandi
Niteroi.
The Brazilian-built and flagged vessels are owned by DOFCON
Navegação Ltda, a 50/50 JV between TechnipFMC and DOF Subsea. Each
contract is for three years, with an option to extend.
Operations are expected to begin by February 2022. Skandi
Niteroi will operate mostly in shallow water, while Skandi Vitória
will work in shallow and deep water. Both vessels will perform
decommissioning and subsea installation work.
Jonathan Landes, President, Subsea at TechnipFMC, commented,
“Our vessels serve as an important component of the strong flexible
pipe ecosystem we have in Brazil. We are proud to extend our
multi-decade relationship with Petrobras through these long-term
contracts, which are built on close collaboration and our client’s
trust in our ability to safely and efficiently deliver
quality.”
(1) For TechnipFMC, a “significant” contract is between $75
million and $250 million.
Note: this inbound order is included in the Company’s third
quarter financial results.
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About TechnipFMC
TechnipFMC is a leading technology provider to the traditional
and new energy industries, delivering fully integrated projects,
products, and services.
With our proprietary technologies and comprehensive solutions,
we are transforming our clients’ project economics, helping them
unlock new possibilities to develop energy resources while reducing
carbon intensity and supporting their energy transition
ambitions.
Organized in two business segments — Subsea and Surface
Technologies — we will continue to advance the industry with our
pioneering integrated ecosystems (such as iEPCI™, iFEED™ and
iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a
commitment to our clients’ success, and a culture of strong
execution, purposeful innovation, and challenging industry
conventions.
TechnipFMC uses its website as a channel of distribution of
material company information. To learn more about how we are
driving change in the industry, go to www.TechnipFMC.com and follow
us on Twitter @TechnipFMC.
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