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McDermott to Install Subsea Pipelines and Umbilicals for Petrobras in Brazil

26 January 2011

McDermott International, Inc, an engineering, procurement, construction and installation, or EPCI, company, focused on the offshore upstream oil and gas industry, has announced that its subsea construction vessel Agile has been contracted by Petrobras to install subsea flexible pipelines and umbilicals in up to 2,000m of water offshore Brazil.

The company will also provide subsea installation engineering for the duration of the contract, which is for a five year term.

"This project highlights the confidence Petrobras has in McDermott to provide subsea services using our subsea construction and support vessels in the deepwater offshore installation market in Brazil," said Stephen M. Johnson, President and CEO, McDermott International, Inc.

"Considering Brazil is an important and growing market, this is a strategic project for us and we look forward to further building our relationship with Petrobras."

Work is expected to begin at the end of the second quarter of 2011, with McDermott's dedicated subsea engineering team mobilizing to Macae in Brazil in the coming months for the duration of the project.