Technip Signed a Frame Agreement with Petrobras for Offshore Projects Modifications Services in Braz

Before you go, we thought you'd like these...
Before you go close icon

Technip Signed a Frame Agreement with Petrobras for Offshore Projects Modifications Services in Brazil

PARIS--(BUSINESS WIRE)-- Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has signed a four-year frame agreement with Petrobras for projects modifications services for the Rio de Janeiro Operations Unit (UO-RIO)*, including existing offshore platforms located in the Campos Basin area, Brazil.

The services comprise basic and detailed design, documentation update, engineering consulting, planning, control and execution supplies for 13 offshore platforms. Technip was previously awarded contracts on some of these projects, most notably designing and constructing the topsides of three of Petrobras' deepwater production semis - P-51, P-52 and P-56 - the largest topsides floatovers onto semi hulls in the world.

Technip's operating center in Rio de Janeiro will carry out the project management, engineering and procurement. Services will be performed upon client request.

Jose Jorge Araujo, Technip's Senior Vice President of Onshore Latin America & Offshore Brazil, stated: "This award reasserts Technip in Brazil's competitiveness as a top-class services provider and reinforces our long-term commitment to Petrobras' key projects."


* The Rio de Janeiro Exploration and Production Operations Unit (UO-RIO) was created on November 1, 2000, from the restructuring of Petrobras' Exploration and Production business segment. It currently manages six concessions located in deep and ultra-deep Campos Basin waters, where the Albacora Leste, Barracuda, Caratinga, Marlim Leste, Marlim Sul, and Roncador fields are located. UO-RIO currently operates 15 offshore platforms, becoming the Petrobras' biggest production unit regarding oil and gas output. Two new platforms, P-55 and P-62, have startup foreseen in 2013 and 2014, respectively.


° °

Technip is a world leader in project management, engineering and construction for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 38,000 people are constantly offering the best solutions and most innovative technologies to meet the world's energy challenges.
Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.
Technip shares are listed on the NYSE Euronext Paris exchange and traded in the USA on the OTCQX marketplace (OTCQX: TKPPY).

Public Relations
Christophe Bélorgeot, Tel. +33 (0) 1 47 78 39 92
Investor and Analyst Relations
Kimberly Stewart, Tel. +33 (0) 1 47 78 66 74
David Tadbir, Tel. +33 (0)1 40 90 19 04
Find us on Facebook, Twitter

KEYWORDS:   United States  Brazil  Europe  North America  South America  France  New York


The article Technip Signed a Frame Agreement with Petrobras for Offshore Projects Modifications Services in Brazil originally appeared on

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading